Showing posts with label points. Show all posts
Showing posts with label points. Show all posts

Monday, April 7, 2014

Classic: Bonus Points for the Flip

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Classic: Bonus Points for the Flip

Monday, March 24, 2014

Jeb Bush Praises Illegal Aliens – Repeats U.S. Chamber of Commerce Talking Points To The “Common Core” Letter

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Jeb Bush Praises Illegal Aliens – Repeats U.S. Chamber of Commerce Talking Points To The “Common Core” Letter

Monday, March 3, 2014

Picture Talking Points (PTP4).......Gender differences in body anxieties. What do you worry about?

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Picture Talking Points (PTP4).......Gender differences in body anxieties. What do you worry about?

Monday, February 24, 2014

Picture Talking Points (1).....What do you think?

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Picture Talking Points (1).....What do you think?

Monday, January 27, 2014

Shares close down 135.74 points on last trading day




By Kathryn Chiu , The China Post
January 28, 2014, 12:10 am TWN





TAIPEI, Taiwan — Taiwan’s market tumbled on Monday — the last trading day of the Year of the Snake, the first time in 16 years that shares ended in the red at the last session in a year.

Weighed down by losses in the United States and European markets on Jan. 24, the Taiwan Capitalization Weighted Stock Index (TAIEX) closed down 135.74 points, or 1.57 percent, at 8,462.57, on turnover of NT$ 99.16 billion on Monday — the last trading day of the Year of the Snake. The local market will reopen on Feb. 5, following the Lunar New Year holiday.


TAIEX last closed down in the final trading session before going on vacation for the Lunar New Year holiday in 1998, when it fell 13.18 points to 8,085.47, according to the United Evening News (CNA).


Despite the first last-day trading session in sixteen years which ended in negative territory, the Year of the Snake was a generally good year for local shares. In the year of Snake, the TAIEX eventually gained 555.92 points, or 7.03 percent, from February 6, 2013, the last trading day of the Year of Dragon. Concurrently, local shares gained NT$ 2.1 trillion in value, or an average of NT$ 227,000 per investor.


After-holiday Market Direction Hinges on Global Economic Climate


Analysts told the Central News Agency (CNA) that the performance of Taiwan’s stock market after the holiday period will hinge primarily on the global economic climate.


Liu Hsing-tang, who manages the Yuanta 2001 Fund, pointed to several factors that could affect the local market’s direction after it returns from the holiday on Feb. 5.


He said the Japanese yen’s recent rebound has made the market more risk averse and led investors to pull out of riskier assets, and the Korean won’s depreciation will also affect local shares. How markets in the U.S. perform during the holiday will also influence Taiwan’s market, Liu said.


Taishin Securities Investment Trust Co.’s Wu Yin-liang said investors should not be pessimistic despite the market’s losses on Monday.


He predicted the local market would gain ground on its first day after the holiday break, citing the long-term uptrend in the global economy and expectations of double-digit profit growth at several listed domestic companies this year.


The CNA reported that the sub-indexes for glass, steel and plastics shares fell 3.11 percent, 2.14 percent and 2.03 percent, respectively. Formosa Plastics (台塑) closed down 2.62 percent at NT$ 78.00.


The bellwether electronics sector also struggled, losing 1.74 percent during the session.


Shares of Taiwan Semiconductor Manufacturing Co. (台積電) fell 2.78 percent to NT$ 105.00. Shares of Hon Hai Precision Industry Co. (鴻海精密), the world’s largest contract electronics maker, were more resilient, slipping only 0.12 percent to NT$ 84.90.


Largan Precision Co. (大立光電) gained 0.43 percent to close at NT$ 1,165. Shares in the financial sector closed down 1.69 percent.











 AmCham and ECCT congratulate financial services industry 

A sign outside the trading floor of a securities company shows the Taiwan Capitalization Weighted Stock Index (TAIEX) at the end of yesterday’s session. Yesterday was the last trading day of the Year of Snake on which TAIEX closed down 135.74 points, or 1.57 percent, at 8,462.57, on turnover of NT$ 99.16 billion. (AFP)

Enlarge Photo









China Post Online – Taiwan , News , Taiwan newspaper



Shares close down 135.74 points on last trading day

Wednesday, December 4, 2013

WRAPUP 3-Upbeat U.S. data points to growth momentum

WRAPUP 3-Upbeat U.S. data points to growth momentum
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/12/b3185__p-89EKCgBk8MZdE.gif




Wed Dec 4, 2013 1:38pm EST



 * Private employers add 215,000 jobs in November * Trade deficit narrows to $ 40.6 billion in October * Services sector still expanding, new home sales surge * Reports cast positive light on economy By Lucia Mutikani WASHINGTON, Dec 4 (Reuters) - U.S. private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months. Other data on Wednesday also pointed to a brightening outlook, with the services industry expanding at a decent pace last month and exports hitting a record high in October. There was also good news on the housing market as new home sales posted their largest increase in nearly 33-1/2 years. "The economy seems to be building enough momentum that growth should accelerate as we move through the first part of next year," said Joel Naroff, chief economist at Naroff Economic Advisers in Holland, Pennsylvania. Private employers added 215,000 new jobs to their payrolls last month, according to payroll processor ADP. It was the biggest rise in a year and beat economists" expectations for a gain of 173,000 jobs. At the same time, the figure for October was revised up to 184,000 from 130,000. The jobs data comes ahead of the government"s much more comprehensive employment count for November on Friday. That report, which covers both public and private sector hiring, is expected to show an increase of 180,000 in nonfarm payrolls after a 204,000 rise in October, according to a Reuters poll of economists. Some economists said the ADP data suggested the government report could show a larger gain than the consensus forecast. Their optimism was tempered a bit by a drop to a six-month low in a gauge of services industry jobs growth for November. The signs of economic momentum weighed on U.S. Treasury debt prices and pushed the dollar higher as traders speculated the Fed could begin to trim its bond-buying stimulus as soon as its next meeting on Dec. 17-18. Stocks on Wall Street were little changed. "If the ADP does prove to be a good guide, a 200,000 plus gain (in nonfarm payrolls) might just be enough to persuade the Fed to begin its QE taper later this month," said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. Other economists said, however, the Fed was still more likely to wait until January or March to reduce its current $ 85 billion a month bond-buying pace. SERVICES SECTOR STILL GROWING Separately, the Institute for Supply Management said its services index fell to 53.9 last month from 55.4 in October. A reading above 50 indicates expansion in the sector. November marked the 47th-straight month of growth in the services sector. A sub-index of services industry employment fell to its lowest level since May, but also stayed in expansion territory. "The data are still suggesting at least a modest net pickup in the trend in overall growth recently, even with this somewhat weaker reading for November," said Jim O"Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York. A separate report from the Commerce Department showed the nation"s trade deficit shrank 5.4 percent to $ 40.6 billion in October, suggesting trade will likely contribute to growth this quarter. Exports, which had declined for three straight months, hit an all-time high, pointing to a pick-up in global demand. Imports also rose, reaching a 1-1/2 year high, as demand for consumer goods and industrial supplies and materials increased. "This is an encouraging sign for both U.S. manufacturing growth and the state of global demand," said John Ryding, chief economist at RDQ Economics in New York. "There is a marked acceleration in the imports of capital goods, which may signal a brighter picture for capital spending." Petroleum exports were the highest on record. Exports to China, Canada and Mexico reached all-time highs in October, while exports to the 27-nation European Union also gained. In another report, the Commerce Department said new home sales jumped 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, more than unwinding September"s 6.6 percent drop. That suggested the housing market recovery remains intact despite higher mortgage rates. "Today"s data shows evidence of the persistence of the positive momentum in the housing market," said Ward McCarthy, chief financial economist at Jefferies in New York. "Strong new home sales will translate into rising building permits and housing starts." 





Reuters: Financial Services and Real Estate




Read more about WRAPUP 3-Upbeat U.S. data points to growth momentum and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

Wednesday, November 6, 2013

Revealed ....The DHS is Buying hollow points



Revealed ....The DHS is Buying hollow points

http://www.highlandhillfarm.com/Location.html Rumor why DHS is Buying hollow point Bullets – created at http://goanimate.com/ http://www.highlandhillfarm.com…



Revealed ....The DHS is Buying hollow points

Sunday, September 15, 2013

Obama: "Less concerned about style points"

Barack Obama is pictured. | AP Photo

‘I’m much more concerned about getting the policy right,’ Obama said in the interview. | AP Photo





President Barack Obama pushed back Sunday on the notion that his administration had bungled the response to the Syrian crisis.


In an interview that aired one day after the his administration hammered out a draft agreement with Russia over Syria’s chemical weapons stockpiles, Obama told ABC’s George Stephanopoulos that he was more worried about the substance of that agreement than the political optics.



“I’m less concerned about style points, I’m much more concerned about getting the policy right,” Obama said in an interview that aired on ABC’s “This Week” on Sunday morning. “What I’ve said consistently throughout is that — the chemical weapons issue is a problem. I want that problem dealt with. Obama — who initially called for punitive military action against against Syria before a workable diplomatic plan emerged last week — said that a bad policy could have a smooth rollout and vice versa.


(PHOTOS: What lawmakers said then (Iraq) and now (Syria))


“Folks here in Washington like to grade on style,” Obama said. “Had we rolled out something that was very smooth and disciplined and linear they would have graded it well, even if it was a disastrous policy.”


“We know that, ‘cause that’s exactly how they graded the Iraq War until it ended up blowing in our face,” Obama said.


Obama also warned Iran — whose alleged nuclear program has been an ongoing issue for the international community — that they should not draw any lessons from the Syrian regime’s ability to avoid a military strike.


(PHOTOS: Syria: Where politicians stand)


“My suspicion is that the Iranians recognize they they shouldn’t draw a lesson that we haven’t struck to think we won’t strike Iran. On the other hand, what is — what— they should draw from this lesson is that there is the potential of resolving these issues diplomatically,” Obama said.


“Iranians understand is that the nuclear issue is a far larger issue for us than the chemical weapons issue,” Obama said. The threat against Iran — against Israel — that a nuclear Iran poses, is much closer to our core interests. That a nuclear arms race in the region— is something that would be profoundly destabilizing.”


Republicans — even those supportive of the strikes — have accused the Obama administration of an unsteady diplomatic and military response to the rapidly unfolding situation in the Middle East. On Sunday, the GOP criticism of the tentative deal called the deal a coup for the Russians — and their outspoken president, Vladimir Putin.


“I’m skeptical,” said House Intelligence Committee chairman Mike Rogers said on CNN’s “State of the Union.” “This is a Russian plan for Russian interests. And we should be very, very concerned.”


(PHOTOS: International response to Syria)


Rogers (R-Mich.) said that the Russians capitalized on Obama’s “indeciveness” with regards to his policies in Syria.


“You have Putin playing chess and Obama playing, frankly, a very lucky game of tic-tack-toe,” former House Speaker Newt Gingrich said on CNN’s “State of the Union. “Putin stepped in to maximize Russian influence in the Middle East.”


He added: “We are now relying on the Russians. We’re now following from behind — not leading from behind. This is not a good long-term position.”


(PHOTOS: Scenes from Syria)


Obama also fired back at a New York Times op-ed written by Putin that accused the United States of failure to act through the international community and cast doubt on the idea that Syrian President Bashar Assad used chemical weapons.




POLITICO – TOP Stories



Obama: "Less concerned about style points"

Thursday, August 29, 2013

U.S. jobless claims data points to pickup in job gains in August


A job seeker (C) talks to an exhibitor at the Colorado Hospital Association health care career fair in Denver April 9, 2013.


Credit: Reuters/Rick Wilking




Reuters: Top News



U.S. jobless claims data points to pickup in job gains in August

Saturday, July 20, 2013

Chris Weigant: Friday Talking Points -- Harry Reid Has a Good Week, Mitch McConnell Does Not




As usual this week, there were several stories the mainstream media was obsessing over which I am just largely going to ignore. The most inane of these was, of course: “This just in! It gets hot in the summer! Who knew?!?” The most ridiculous one was the foofaroo over Rolling Stone using a photograph on its cover which many other media outlets had used for front-page stuff, but which somehow Rolling Stone wasn’t supposed to use, for some inexplicable reason. Even though — on the same cover — they called the guy “a monster.” Lots of out-of-context outrage ensued, including one call to buy the magazine and then burn it. Um, yeah, that’ll show them! Just hand over your money, in protest!


There was one big story this week that even President Obama chimed in on, but I really feel that just about everything that could be said about the Trayvon Martin / George Zimmerman case already has been said by a multitude of others (see: the entire rest of the media universe), already.


I guess the real prize in “media chasing shiny, shiny idiocy instead of reporting the news” this week, however, was the continuing coverage (“No news yet, but we’re not going to let that get in the way of our continuing updates!”) of a royal heir who is about to be born in Great Britain — while all but ignoring the newsworthy thing the currently-reigning monarch actually did this week. With little fanfare and little fuss, the Queen signed the legalization of gay marriage in Britain. But you wouldn’t know it, watching the teevee. Sigh.


Speaking of media idiocy, a television station in San Francisco broadcast an incredibly tasteless and racist bit about the deadly airline crash, and has yet to announce that anyone’s been fired over the incident. How many editors or producers or, for that matter, human beings with a brain read that list of names, before it went on the air? All of them should be now looking for work, since it was so obvious that someone was punking them. Too bad Saturday Night Live is off for the summer, they would have had a field day with this one.


In other news you missed on television, the former leader of Mexico is teaming up to launch an international effort to legalize marijuana.


Pro-immigration Republicans seem to be getting ready to do battle during Town Hall Season next month, since the House has pretty much decided to punt on immigration until after August. This could get interesting, as the pros and the antis scream at each other all summer long.


New York released some very good news on Obamacare this week, while the House voted for the eleventy-zillionth time to repeal Obamacare. Since the vote (like all the others) was meaningless, New Yorkers who buy insurance on the open market will still be able to get a reduction of over fifty percent, starting this October. President Obama is starting to tout the successes of Obamacare, too, which will likely intensify as we get closer to the opening of the insurance exchanges later this year.


What else? Liz Cheney’s running for Senate in Wyoming, which I actually applauded earlier this week. Oh, and there was some pretty big news in the Senate….


Most Impressive Democrat of the Week


Which brings us to our awards portion of the program. While Elizabeth Warren provided an amusing takedown of some talking heads on CNBC, she then had to literally take down the clip from her website. She still deserves an Honorable Mention for attempting to educate the public, though.


But there was really only one obvious candidate this week for the coveted MIDOTW “Golden Backbone” award. Because Senate Majority Leader Harry Reid had a very good week indeed. Monday, he held an extraordinary political meeting (meaning it was off the record) with 98 members of the Senate attending. Reid did not “blink.” Instead, he told them he was fully prepared to use what has been called the “nuclear option” to move President Obama’s non-judicial nominees forward, by changing the rules of the filibuster. Minority Leader Mitch McConnell didn’t budge, but a deal was struck behind McConnell’s back by none other than John McCain. Choose your metaphor: McCain drank McConnell’s milkshake, or maybe handed McConnell his ass, perhaps? However you choose to put it, the nuclear threat was averted, and Republicans agreed to let the nominees go forward — starting gloriously with Richard Cordray becoming the first confirmed leader of the newly-formed Consumer Financial Protection Bureau. Republicans had vowed not to confirm anybody to this post, continuing their tantrum over the agency being created in the first place. So Cordray’s confirmation was an enormous victory in a fight that has lasted over two years now.


For that alone, Harry Reid deserves the Most Impressive Democrat Of The Week award. But the fun didn’t stop there. A bipartisan deal on student loans was reportedly struck as well, and will be voted on next week. Only about three or four weeks late, but hey, this is the Senate we’re talking about. But breaking the logjam on appointments seems to have also broken the “obstruct everything forever” Republican strategy, which certainly gives some optimism for all the work they have left to do this year. OK, maybe not an overwhelming amount of optimism, but still: the weaker McConnell gets, the better.


Of course, for Democrats, this is the really good news making the conventional wisdom rounds on the Washington cocktail party circuit — that Mitch McConnell is losing his grip on his own party’s caucus. Nothing shows this more than the fact that during a meeting McConnell held in order to explain how the filibuster deal went down, Senator Bob Corker — one of McConnell’s fellow Republicans — literally called “bullshit” on him.


So, all around, a pretty good week both for Democrats in general and for Harry Reid in particular. And for the Senate, as an institution. They’re certainly looking better right now than the House, where John Boehner is currently twisting himself in knots in an attempt to explain why Congress isn’t getting anything done, while The Huffington Post helpfully points out that this is right before they’re going to take a month off and then return to work a strenuous nine whole days in September.


For getting his chamber to accomplish some things, and for showing the House how it’s supposed to work, though, our Most Impressive Democrat Of The Week is none other than Senate Majority Leader Harry Reid. Well done, Harry. The moral of the story is: this is the type of week you can enjoy again, if you continue to show some backbone when dealing with Republicans. Food for thought.


[Congratulate Senate Majority Leader Harry Reid on his Senate contact page, to let him know you appreciate his efforts.]


Most Disappointing Democrat of the Week


While San Diego mayor Bob Filner is still hanging on to his job as tightly as he can hug it (so to speak), Nancy Pelosi was apparently horrified to hear him (accurately) described as her former colleague.


But in fresher disappointing news, Eliot Spitzer showed a stunning amount of hypocrisy this week. Now, in politics, there is a general rule. That rule states that when you use an issue as a weapon against an opponent in a campaign, you had better be squeaky-clean on the issue yourself. “Family values” types caught in sex scandals deserve a whole lot of scorn, to use but one example. Spitzer never was “holier than thou” on the issue, however, so his own sexcapades may possibly be forgiven by New York voters — because there wasn’t all that big an element of hypocrisy.


On the subject of tax returns, however, Spitzer deserves all the scorn he is now getting. Spitzer’s opponent has released five years of tax returns to the public, and called on Spitzer to do the same. Spitzer was one of those who heavily criticized Mitt Romney for not releasing his tax returns publicly, a few years ago. But now that he made big bucks as a media darling, Eliot Spitzer doesn’t feel it’s appropriate to release his full tax returns. He did let reporters look at a heavily-edited and incomplete version of his last two years’ taxes, but that’s as far as Spitzer is now willing to go, it seems.


This is beyond disappointing — it is nothing more than craven hypocrisy. Because you can’t wield an issue like a bludgeon against others and then shrug and say it’s not that important when it comes to yourself. It doesn’t pass the smell test, sorry.


For not putting his tax returns where his mouth was, not so long ago, Eliot Spitzer is our Most Disappointing Democrat Of The Week this week.


[As a rule, we do not link to campaign websites, so you"ll have to find Spitzer"s contact information yourselves in order to let him know what you think of his actions.]


Friday Talking Points


Volume 265 (7/19/13)


Because we are getting close, as mentioned, to Town Hall Season, I thought it’d be a good week for Democrats to support Obama’s renewed push to educate the public about the benefits of his signature legislation. The first four of these strike the same note, over and over, while the fifth is just pure snark for the fun of it. The last two veer off to other subjects, however.


Enjoy, and as always, use responsibly (heh).


1
   Thank Obamacare


This is a very basic talking point, but also a very necessary one. If you want people to support the program, first you need to specifically point out what it does for them. These connections may seem obvious, but there are many who haven’t yet made them.


“Many people don’t think Obamacare has even started yet. But while the last major piece — the insurance exchanges — won’t begin until October, there are plenty of other things contained within the law which have already made a big difference to millions of Americans. For instance, over twenty million rebate checks have gone out to American consumers from their insurance companies in the past two years. The reason these rebates exist is Obamacare. Obamacare mandates that insurance companies are no longer allowed to have obscenely large profit margins. If they’re charging too much, then money is returned to the consumers. Every recipient of those rebate checks should thank Obamacare for getting them in the mail, because without it, those checks would not exist.”


2
   Parents, thank Obamacare


Once again, point out the positive things which have already happened.


“Parents across the country — millions upon millions of them — have been able to keep their children on their health insurance policy up until age 25, instead of worrying about pre-existing conditions pricing them out of the marketplace. Every parent who has taken advantage of this to keep their children insured should thank Obamacare for allowing them to do so, because without it this would not have been possible. Ask any parent who has taken advantage of this whether it’s a good thing or not — they’ll tell you.”


3
   Fade into history


This same theme should also be used to tout the upcoming benefits of Obamacare, as well.


“As America’s children grow up and enter into the health insurance marketplace on their own, they will be the first generation who simply will not understand what the terms ‘pre-existing condition’ and ‘lifetime cap’ mean — because they are about to become obsolete words. They’ll never be denied insurance because they were sick once in the past, and they will never have to worry that after some arbitrary dollar amount is reached, they won’t be insured or even insurable ever again in their lives. The very concept of ‘pre-existing conditions’ and ‘lifetime caps’ are — later this year — about to become a thing of the past for every American. They are about to fade from our consciousness and be consigned to the ashcan of history. That is an enormous change, and I thank the fact that Obamacare will remove these terms from the lexicon, personally.”


4
   Competition works


This used to be a Republican tenet of their party’s faith. Point this out.


“Obamacare’s insurance exchanges were built around a simple concept that Republicans used to have unwavering faith in: marketplaces work. Competition works. It’s a core belief of capitalism, in fact, which is why I scratch my head when they badmouth the concept now. In state after state, premiums will go down as different insurers have to compete on a level playing field. Insurance will be compared and purchased by consumers just like any other product — on price and on its merits. These will be laid out for all to see in the exchanges. Such an exchange was signed into law by Mitt Romney, and seems to be working quite well in Massachusetts. In New York, prices are going to come down for individually-purchased insurance plans by at least fifty percent. Note, that’s not ‘up to fifty percent’ or ‘somewhat less than fifty percent for most people,’ but at least fifty percent. Some will see their costs go down by seventy percent, in fact. And all of that is before you even calculate in the subsidies for low-income Americans. Competition works. Marketplaces work, when the playing field is level. Why don’t Republicans believe in this anymore?”


5
   The definition of insanity


OK, I’m certainly not the first one to use this, but it truly has gotten ridiculous.


“I see that the House of Representatives, rather than spending its time on something productive like voting on the Senate immigration bill, spent last week repealing Obamacare once again. Maybe in another few weeks, they’ll repeal it for the 40th time and it’ll be somehow better than the other 39 times they’ve done so. Maybe if they vote to repeal it another 40 or 50 times people will re-elect them, who knows? It does seem to be a classic case of doing something over and over and expecting a different result, though, doesn’t it?”


6
   Anti-consumer Republicans


Might as well paint with a broad brush, eh?


“It’s not only on Obamacare that Republicans have suddenly become so anti-consumer. This week — finally — Harry Reid was able to break a two-year logjam in the Senate and get a head of the new Consumer Financial Protection Bureau confirmed. Why have Republicans been blocking this confirmation so long? It is a mystery. They have stood squarely on the side of Wall Street and showed their utter disdain for Main Street by their actions. They didn’t think the Bureau should even exist, and they thought they could block it from ever having a properly-confirmed leader. But who did this hurt, ultimately? Consumers. It’s right there in the name of the Bureau, in fact. Republicans were incensed that the federal government should even try to do a single thing for American consumers, if it would force big banks to clearly explain their products. That’s the ‘principle’ they fought so long for — screwing the consumer. Why has the Republican Party become so anti-consumer? It’s a mystery to me, personally.”


7
   Call BS!


Not since the “Bowles/Simpson” commission has the time been so ripe for a (cleaned up) use of these two initials.


“Of course, I can’t repeat on a family program exactly what one Republican senator had to say about Mitch McConnell this week — suffice it to say that Senator Bob Corker ‘called BS’ on his party’s Senate leader. I found this story refreshing, especially after watching John McCain channel his inner maverick one last time on the filibuster deal struck with Democrats. I think it’s important for Republicans to speak up and call ‘BS’ on where their party’s leadership wants to take them in all sorts of situations. In fact, I’m hoping that this starts a trend among Republicans. I look forward to other examples of fed-up Republicans who just can’t take the steaming piles of nonsense from their leaders anymore, and loudly and proudly call BS. I can’t think of anything which could better improve the way Congress operates, in fact.”


Chris Weigant blogs at:
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Chris Weigant: Friday Talking Points -- Harry Reid Has a Good Week, Mitch McConnell Does Not

Monday, June 10, 2013

Greenwald To Mika Brzezinski: Your "White House Talking Points" Are Misleading, False


MIKA BRZEZINSKI: This is an incredibly important question that affects all of us. We have to put it in perspective. I want to bring Richard Haass in but, quickly — I just want an answer, yes or no — isn’t it the case that reviewing of emails or any wiretapping cannot take place without an additional warrant from a judge and a review? I mean, it’s not like there’s haphazard probing into all our personal emails. Can we put this into context so we understand exactly what is going on?


GLENN GREENWALD: Yeah, I’ll put it into context for you. The White House talking points you’re using are completely misleading and false. The whole point of what the Bush administration did when it disregarded and violated the FISA law and when the Congress on a bipartisan basis enacted a new surveillance law in 2008 was to enable the NSA to read emails between people in the United States and people outside of the United States without having first to go to a FISA court and get a warrant. The only time individual warrants are needed is when two people are both inside the United States and are both American citizens. But under that law, the U.S. government and the NSA have the power and exercise the power to listen in on telephone conversations and read emails involving all kinds of American citizens and the Senate has been repeatedly asking for the numbers of how many Americans they’re doing that to. And the NSA keeps saying –and it’s false — they can’t provide those numbers. So those talking points you’re reading from are completely false as anybody who has paid even remote attention –


BRZEZINSKI: Glenn, I’m not reading talking points. Glenn, I’d like to ask a question, is this legal or illegal? Or Richard Haass, can you help me out, since Glenn doesn’t want to answer the question. Is the law being broken here?


GREENWALD: I did answer your question —


BRZEZINSKI: I questioned the law. I question all the issues that this raises. I’m personally concerned as well. I’d like to put this in perspective. Is the law being broken?


(via Jeff Poor/Daily Caller)




RealClearPolitics Video Log



Greenwald To Mika Brzezinski: Your "White House Talking Points" Are Misleading, False

Friday, June 7, 2013

Hiring points to resilience in economy


Traders stand outside the New York Stock Exchange prior to the opening bell October 31, 2012. REUTERS/Brendan McDermid

Traders stand outside the New York Stock Exchange prior to the opening bell October 31, 2012.


Credit: Reuters/Brendan McDermid






WASHINGTON | Fri Jun 7, 2013 1:04am EDT



WASHINGTON (Reuters) – U.S. employers likely stepped up hiring only slightly in May, a sign the economy was growing modestly but not strongly enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system.


The United States probably added 170,000 jobs last month, with the unemployment rate holding steady at a lofty 7.5 percent, according to a Reuters survey of economists.


Following a winter in which the economy seemed to be turning a corner, May would be the third straight month that payrolls outside the farm sector increased by less than 200,000.


“The labor market may not be as strong as we thought,” said Kevin Cummins, an economist at UBS in Stamford, Connecticut.


The Labor Department will release the May employment report on Friday at 8:30 a.m. EDT.


The report could heighten concerns government austerity enacted this year is sapping vigor from the economy, and might dampen speculation the Fed might soon trim bond purchases aimed at lowering interest rates and boosting employment.


Officials at the U.S. central bank have intimated they could be close to tapering bond purchases despite modest economic growth which is not expected to pick up until late in the year when the sting from government spending cuts begins to fade.


Budget cuts have led to hiring freezes at many government agencies, and attrition could be slowly reducing payrolls. Government payrolls are expected to decline by 10,000 in May.


LASTING DAMAGE


About 4.4 million Americans have been unemployed for more than six months, roughly three million more than pre-recession levels. The longer workers are out of a job, the greater the risk they become essentially unemployable. That could deal lasting damage to the economy and has lent urgency to the Fed’s efforts to stimulate growth.


Still, May’s expected pace of job growth is right around the average for the 12 months through April. Over that period the jobless rate fell about half a percentage point and the ranks of the long-term unemployed declined by nearly 700,000.


“It’s progress that’s too slow, but it’s progress nonetheless,” said Guy Berger, an economist at RBS, also in Stamford.


Fed officials next meet June 18-19 and are widely expected to keep purchasing $ 85 billion in bonds a month. Many economists don’t expect the job market to be strong enough for the Fed to begin scaling back its bond purchases before December.


After barely growing in the last three months of 2012, the U.S. economy expanded at a moderate 2.4 percent annual rate in the first quarter but lost momentum as the quarter drew to a close. Most economists look for growth of around 1.5 percent in the current quarter.


U.S. factories are feeling the pinch from Europe’s debt crisis, which has sent a chill over the global economy. The Institute for Supply Management said on Tuesday that U.S. manufacturing activity contracted in May. Manufacturing employment is seen rising by a meager 3,000 jobs last month.


The report is expected to show the length of the average workweek edged higher to 34.5 hours, which could signal demand is strong enough to trigger faster hiring in coming months. Average hourly earnings are seen rising 0.2 percent.


Another indicator of labor market health will come in the share of the population that is either employed or looking for work. Some of the recent drop in the jobless rate has been due to workers leaving the labor force, either because they retired, went back to school or gave up looking for a job.


The labor force participation rate was 63.3 percent in April, holding at a 34-year low for the second straight month. A stabilization of this indicator could point to more healing in the labor market.


(Reporting by Jason Lange Editing by Tim Ahmann and James Dalgleish)





Reuters: Business News



Hiring points to resilience in economy

Thursday, June 6, 2013

Wall Street Points Green Ahead of Claims Data






  • NYSE Trader Thinking



Stock futures advanced on Thursday, indicating stocks may rebound after two straight days of declines, ahead of data on the labor market.


* The S&P 500 .SPX dropped more than 1 percent Wednesday and has lost 1.9 percent over the past two sessions as concerns mounted that the U.S. Federal Reserve may scale back its bond-buying stimulus before the economy is strong enough to stand on its own.


* The two-day drop for the benchmark S&P index is the worst back-to-back performance since a 2.1 percent decline in mid-April.


* Investors will eye weekly initial jobless claims data at 8:30 a.m. EDT (1230 GMT) for clues on the health of the labor market ahead of Friday’s important payrolls report. Economists in a Reuters survey forecast a total of 345,000 new filings compared with 354,000 in the prior week.


* Wednesday’s ADP National Employment report showed private employers accelerated hiring in May from the prior month, but the gains fell short of expectations.


* S&P 500 futures rose 5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 33 points, and Nasdaq 100 futures gained 6.25 points.


* SodaStream International (SODA.O) jumped 8.2 percent to $ 75 in premarket trading after the Calcalist financial newspaper said PepsiCo Inc (PEP.N) is in talks to buy the maker of home beverage systems for $ 2 billion.


* Retailers will also be eyed as they report monthly sales results. Costco Wholesale Corp (COST.O) reported May same-store sales that missed analyst estimates, due to a relatively stronger dollar and weak gasoline prices.


* In Europe, Johnson Matthey was the star performer after results as the chemicals firm led European shares slightly higher, with trading expected to remain volatile ahead of the U.S. economic data. .EU


* Asian shares tumbled to fresh 2013 lows as growing uncertainty on whether the U.S. Federal Reserve would roll back its stimulus this year kept markets on edge.





FOXBusiness.com



Wall Street Points Green Ahead of Claims Data