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POPSPapa B's Predictions for 2010 Russia and China know out that if Israel goes to war, everyone gets involved. And we .....we do have 200,000 military close to the Iranian border. With respect to politics, Papa B goes on to hope for some sort of "centrist consensus", but we all know that must be satire. Need some cheering up after ShadowStats' description of an inescapable "financial Armageddon"? Well, Papa B's predictions for the new year definitely won't fit the bill. Financial Armageddon http://bit.ly/5eQSMt
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POPSCursing Capitalism The economy is still imploding, which is bad. I don’t know if Obama will do anything useful since our economy is based on capitalism and he hates capitalism. Also, our economy is in America and he hates that country. And anti-capitalism protesters are sexy hot, don't ya think?
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POPSHigh on EconomicsEconomics Medical Marijuana has long been discussed in the public sphere, first as a property or civil rights issue and then as a revenue raising scheme for state and local governments. However, for the first time it is being really considered because of the recession.
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POPSFaith in Free-Market Capitalism Is Being Rewarded The biggest source of economic stimulus is not the $800 billion Barack Obama spending package. It's the $4.6 trillion of capital gains thrown off by the stock market over the past three quarters. This is investment money, and it also enhances consumer spending. As a result, jobs are likely to start rising early in 2010. The other source of economic stimulus is the amount of money Michael Moore invests in Dominos Pizza and Krispy Kreme, only later to bemoan those same corporations in which he owns shares. Michael Moore-on's movie in which he capitalistically makes money off of gullible liberals’ hatred of capitalism? Seriously, not only did that movie bomb, but the hippo-like hypocrite became enchanted by the ideals of socialism when he took an economics class while coked out of his mind. Using socialism to help revive a failing economy is like putting angry weasels down your pants because you need some rest.
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POPSMonopoly Capitalism Is the Root of All of America's Problems The indoctrination is that we live in a market economy that determines globalization and everything else. I don’t know why this generation of Americans was more gullible. I can’t understand that. But it’s just a fact and we need to wake up. This systemic risk is a result of monopolists preaching efficiency because they want to take cash out of the system. For example, let’s say they have two machines, and sell one. They get money for the machine they sell, and then the one left over will be more expensive to use so they can charge more for its use. They pocket the money from the machine they sell and get more money off the one machine they have left. The problem, though, is they only have one machine left. If something goes wrong, we can have huge systemic failures. Treasury to dole out USD 3.8 billion more for GMAC
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POPSScience Research Needs Continuity Science Research needs continuity that cannot be found through the use of a market forces model. This article sums up the setback in alternative source energy research which happened in the 1980's. We may now be ready to set things right, f we continue to fund scientific research for alternative energy sources, such as algae. Carefully read the story of how we, yes we, abandoned alternative sources of energy and played our fiddles while the oil burned up our economy. Ooops! Now we bemoan the fact. On the positive side, one thing is different now, and that is the ability of people, including scientists, to get their message across without the help of traditional media. Journalists and their bosses failed miserably to report on these issues, so greedy people who only look out for themselves were able to bring us, as a nation, to our knees with the high price of energy and the destruction of our economy.
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POPSWhat a rebound? Not paying your mortgage because of modification, adds to the economy in a different way.
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POPSMore Americans stashing money in the Bank of Mattress The best financial advice given to me: Make sure you at least have a shotgun and plenty of ammo. If things go to pot, there’s a lot of things you’ll need to survive, but you can always get them later if you at least have a shotgun. A shotgun should be the foundation of any stable portfolio.
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POPSIt's a wonderful life working for the government The policy aim, Democrats say, was to maintain public services and aid. The political aim, although Democrats don't say so, was to maintain public-sector jobs -- and the flow of union dues to the public employees unions that represent almost 40 percent of public-sector workers. Those unions in turn have contributed generously to Democrats. Services Employee International Union head Andy Stern, the most frequent nongovernment visitor to the Obama White House, has boasted that his union steered $60 million to Democrats in the 2008 cycle. The total union contribution to Democrats has been estimated at $400 million.
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POPS“A History lesson….Cry for Me, Argentina” 12.9.2009
Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Simply put, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts. With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like the United States Social Security and Medicare programs. The death knell for the Argentine economy, however,came with the election of Juan Perón. Perón had a fascist and corporatist upbringing ; he and his charismatic wife aimed their populist rhetoric at the nation’s rich. This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.”
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POPSUS Town Utilizes Local Currency Let’s say you spend a dollar with Chatham Wireless. That’s a local Internet service provider. They will use part of that dollar to pay their folks. They live here. Part of it may go to their bookkeeper. Part might go to an advertisement in our local media. They might use their money to get a massage, lunch at Angelina’s Kitchen, or dinner at the General Store Cafe. Part of that dollar might go to buy groceries at Chatham Marketplace which will then buy produce from the local farmer, who will then go buy some Internet access from Chatham Wireless. The longer that dollar stays in our community, the more enriched we become.
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POPSSuccess of Macao Gaming industry has a long history in Macao and it was first legalised in mid 19th century. Entering the 21st century, the gaming industry has developed a very close relation with the tourism industry and become a pillar of Macao's economy. It has also earned Macao an appellation of "Monte Carlo of the Orient". In the fourth quarter of 2008, the gross revenue of the gaming sector amounted to MOP24.36 billion (USD3.05 billion). The sector contributed MOP41.90 billion (USD5.24 billion) in direct tax to the MSAR in 2008.
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POPSA Merry Christmas for 'Health Care Command and Control Administration's' Congress 'not green enough' will be rationed. The cross enforcement of anti-pollution laws and green technologies will bring the EPA to the party as an enforcement arm tailored to regulating all manner of pollution producers. Think of banning riding mowers as creating pollution and a sedentary lifestyle, thus running afoul of the 'Green AND Obesity Police.' Want to smoke a cigar with your goombahs at the local pizzeria? Fuggedaboudit! Pizza will, of course, be banned or regulated as a major cause of obesity. Those ovens that pump out CO2 by the cubic yard have got to go, too. And cigars? Not only do they cause cancer, global warming and spew aroma pollutants, but the second hand smoke is a weapon used to assault other peoples' health. Now fur-wearing can be rightfully banned as the glorification of sport hunting among otherwise 'civilized' people. The practical implications of amassing policy-making power in one central administration is almost endless as more and more regulatory
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POPSThe Holiday Gift This Country Needs "We also need to invest in our infrastructure, and not just the obvious physical things like our old bridges and trains but more importantly our human infrastructure. We must continue to push for "Medicare Part E - Everybody" - so we can rebuild the social safety net to encourage entrepreneurialism - and along those lines let's fix the bankruptcy bill, and strengthen social security. Finally, we need to think of work differently. Lincoln once said that labor is superior to capital because it precedes it. Nobody gets rich until somebody makes something. We once had an economy that valued laborers - the true producers of wealth - and the middle class. You know. almost everything on this gift list was, in their day, enthusiastically endorsed by Republican Dwight D. Eisenhower. And Barry Goldwater. And Richard Nixon. Somehow this country went insane in 1981 when Reagan took power and declared that "greed was good" and America was to be reinvented."
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