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Unemployment drops below 8 per cent for first time in nearly four years prompting accusations of a fix weeks ahead of the election
Daily Mail (UK), by Toby Harnden
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Original Article
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Posted By:pineledger, 10/5/2012 9:40:55 AM
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| The national unemployment rate dropped to 7.8 per cent in September, edging below eight per cent for the first time in almost four years and handing President Barack Obama's re-election hopes a potentially major boost. (Snip)According to James Pethokoukis of the American Enterprise Institute, however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent. The figures immediately prompted claims of political manipulation in the wake of a poor debate performance by Obama in Denver.
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Comments: October non-surprise, according to Jack Welch.
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Reply 1 - Posted by:
andyboy, 10/5/2012 9:44:28 AM (No. 8911572)
These latest figures are a sham; I do not trust them, Bam I Am.
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Reply 2 - Posted by:
Sae4236, 10/5/2012 9:46:06 AM (No. 8911575)
You Lie!
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Reply 3 - Posted by:
pgvoisin, 10/5/2012 9:47:19 AM (No. 8911576)
A drop of 8.1% to 7.8% with only 114,000 jobs added?
Progressive math at work!
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Reply 4 - Posted by:
Wetlandz, 10/5/2012 9:50:23 AM (No. 8911582)
I knew they had to change the narrative , we need independent verification the results are not what we're seeing
Next debate Obama is going for the jugular, mitt needs to make him look desperate and vindictive which the media hides
They are going to use 47% be ready and call Obama out on his divisive remarks
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Reply 5 - Posted by:
fwipper, 10/5/2012 9:53:11 AM (No. 8911586)
you'd have to be a blithering idiot to believe these numbers.
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Reply 6 - Posted by:
pineledger, 10/5/2012 9:54:57 AM (No. 8911588)
4, The Won is desperate and vindictive.
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Reply 7 - Posted by:
happy conservative, 10/5/2012 9:57:15 AM (No. 8911594)
Their new attack campaign is the Romney is a liar/dishonest/can't be trusted.
When will we learn that they project their ugly, putrid "values" onto us. Look at Occupy, see how they label TEA Party. Obama, see how they label Romney. The Senate, labels the House as "do nothings with no plans", they who haven't passed a budget in four years.
It's going to turn so ugly...how and why have we gotten to this point?
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Reply 8 - Posted by:
afortiori, 10/5/2012 10:00:21 AM (No. 8911603)
Although U-3 unemployment, the official number, is 7.8%, the U-6 number is still around 15%, and the gap between U-3 and U-6 has widened considerably under Obama.
If you also look at the seasonally adjusted SGS rate, that's gone way up under Obama to around 23%. That statistic for long-term discouraged workers was defined out of official existence in 1994 (under Clinton, how convenient!). Graph is at URL below:
http://www.shadowstats.com/alternate_data/unemployment-charts
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Reply 9 - Posted by:
justavoter, 10/5/2012 10:02:37 AM (No. 8911611)
There are a lot of young people out there that are fresh out of college unable to find anything but part time work if anything at all that will have a hard time believing these numbers. Go Mitt.
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Reply 10 - Posted by:
AlloySteel, 10/5/2012 10:03:43 AM (No. 8911613)
If anybody believes this to be a real figure, I may know about some oceanfront property available in Phoenix. (Actually in Scottsdale, but close enough.)
What part of the word "HOAX" do people not understand?
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Reply 11 - Posted by:
pickle1, 10/5/2012 10:03:48 AM (No. 8911615)
Not true.
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Reply 12 - Posted by:
M2, 10/5/2012 10:05:55 AM (No. 8911623)
This is not good news for Obama because it is so easily dissected: There are millions fewer people in the entire labor force because they've lost hope of getting jobs:
...however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent.
So why isn't the headline, "Unemployment at 10.7% if you include people who can't get jobs and have stopped looking"?
This is too easy and far too transparent a manipulation. Obama will attempt to use this phony figure in his "I need more time" to fix this mantra.
Rush predicted that "SHAZAM!", the unemployment rate will drop to 8% or lower right before the election. As usual, he was right, and this was how this figure of 7.8% came about -- by eliminating from the work force the millions of workers now out of jobs with no hopes of getting one unless Obama is kicked out.
Ditto hiring: Employers are waiting to hire only if Obama loses. If he does lose, the economy will go bonkers UP.
As for the rest of the headline about "a fix", it sure is, but it's also easily debunked.
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Reply 13 - Posted by:
IGWTrust, 10/5/2012 10:13:38 AM (No. 8911651)
Ryan myst have gis sharp pencil out. We shall learn of his calculations next week's debate.
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Reply 14 - Posted by:
ilovedogs, 10/5/2012 10:16:28 AM (No. 8911658)
I guess they really do think we are that dumb...in three months they'll adjust for accuracy and it will be much higher. I should know I'm one of those unemployed.
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Reply 15 - Posted by:
ocjim, 10/5/2012 10:27:20 AM (No. 8911690)
Pssst, Barry. Why didn't you just go ahead and jump the rate down to 5 percent and declare the economy to be booming? Actually, this is a useful report if you take it and spread it over Mo's little vegetable garden and thereby save the taxpayers a few bucks on the manure bills.
Trust is gone, Barry. Long gone for most of us. For the hold outs, the last bit of trust left the station with your 9/11/12 Benghazi disinformation campaign you waged on the American people.
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Reply 16 - Posted by:
Whamdbambam, 10/5/2012 10:28:58 AM (No. 8911694)
They'll be revised upwards "unexpectedly" somewhere around November 7.
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Reply 17 - Posted by:
sickened, 10/5/2012 10:31:32 AM (No. 8911712)
The BLS uses two employment surveys, the establishment survey, which tracks employment reported by business, and the household survey, which tracks employment reported by individuals in a telephone survey. It's common for them to be very different in a month, but they typically trend together. This month's gap, though, is ridiculous. The employment survey says employment is up 115K jobs. The household survey says it's up 873K jobs. Unemployment--now "down" to 7.8% just in time for the election--is based on the household survey. Looks very suspicious.
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Reply 18 - Posted by:
Nan, 10/5/2012 10:40:55 AM (No. 8911742)
The books were cooked, no way these numbers are real.
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Reply 19 - Posted by:
EQKimball, 10/5/2012 10:55:58 AM (No. 8911798)
There are two groups of people talking about today's numbers. Those who don't believe them and those who pretend to.
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Reply 20 - Posted by:
OdinsAcolyte, 10/5/2012 10:57:52 AM (No. 8911808)
This is a lie.
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Reply 21 - Posted by:
fb2002, 10/5/2012 11:00:17 AM (No. 8911818)
Propaganda from our dear leader, zero! This is a disgraceful sham! Republicans should be investigating big brother statistics. How far are we from Nazi Germany? No source these days is beyond corruption. This is UNBELIEVABLE!
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Reply 22 - Posted by:
markinalpine, 10/5/2012 11:12:00 AM (No. 8911860)
Don't forget that when the obysmal won dropped the requirement for the unemployed to be seeking jobs, they are no longer counted as unemployed because they aren't looking for work.
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Reply 23 - Posted by:
WhatMediaBias, 10/5/2012 11:19:00 AM (No. 8911880)
And gas prices are 'officially' down, according to the Fuel Czar. Just ignore those gas station signs.
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Reply 24 - Posted by:
sgtfox of the jarhead clan, 10/5/2012 11:53:50 AM (No. 8911993)
We should call this what it is...rigging an election. Some of the top liars and number manipulators should see some jail time. Less senior larval stage liars might re-think their little scam if it were a felony
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Reply 25 - Posted by:
bobgray2, 10/5/2012 12:07:10 PM (No. 8912035)
The 0bama cartel (I can't bring myself to call them an administration) have been taking lessons from Hugo Chavez on how to "win" an election.
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Reply 26 - Posted by:
Conservativegirl, 10/5/2012 12:15:58 PM (No. 8912052)
#3 is spot on. Given the current unemployment totals, to generate a drop of .3% in one month would have required the addition of 1,000,000 jobs! Unashamed effin' liars to the max.
Girl's Hubby
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Reply 27 - Posted by:
oh-heck, 10/5/2012 1:03:59 PM (No. 8912203)
Time to show the math.
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Reply 28 - Posted by:
mickturn, 10/5/2012 2:10:02 PM (No. 8912377)
Rigged numbers...no doubt.
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Below, you will find ...
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Most Recent Articles posted by "pineledger"
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The Slow Death of the American Author
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Posted By: pineledger- 4/8/2013 8:30:22 AM
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Last month, the Supreme Court decided to allow the importation and resale of foreign editions of American works, which are often cheaper than domestic editions. Until now, courts have forbidden such activity as a violation of copyright. Not only does this ruling open the gates to a surge in cheap imports, but since they will be sold in a secondary market, authors won’t get royalties. (Snip)But it is the latest example of how the global electronic marketplace is rapidly depleting authors’ income streams.
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%
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New York Times, by Catherine Rampell
Original Article
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Posted By: pineledger- 4/5/2013 9:23:27 AM
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For the 30th straight month, the United States economy added jobs in March, albeit still at a pace too sluggish to put a big dent in the backlog of 11.7 million idle workers. The nation’s employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday. The unemployment rate, which comes from a different survey, ticked down to 7.6 percent from 7.7 percent. The slight decrease in the unemployment rate occurred not because more unemployed people got jobs,
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Bank of Japan launches easing campaign
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Wall Street Journal, by Takashi Nakamichi and Tatsuo Ito
Original Article
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Posted By: pineledger- 4/4/2013 8:54:41 AM
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Tokyo—The Bank of Japan [8301.JA +4.83%] is pulling out all the stops to get the economy out of deflation, its new governor said, after the central bank rolled out aggressive easing measures that surprised markets, pushing bond yields to an all-time low and boosting share prices. At his inaugural policy board meeting Thursday, Haruhiko Kuroda convinced the nine-member panel to agree to a major expansion of government bond purchases, including buying longer-term debt, which is designed to drive down longer-term rates. The BOJ also broke free from some self-imposed limits that the previous leadership under Masaaki Shirakawa adhered to.
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He Wears the Mask
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Posted By: pineledger- 4/4/2013 6:41:02 AM
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The present darling of the right wing, Dr. Benjamin Carson, is a distinguished neurosurgeon who went from the depths of Detroit poverty to the heights of Johns Hopkins Hospital in Baltimore. But his current status among conservatives isn’t so much rooted in Carson’s redemptive rise from rags to respectability, as it is in the belief that he is, in the long winter of Obama, the one they’ve been waiting for. (Snip)He then cast himself as a victim of political correctness, besieged by white liberals — “the most racist people there are”
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How the I.R.S. Hurts Mothers
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New York Times, by Lilian V. Faulhaber
Original Article
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Posted By: pineledger- 4/4/2013 6:06:53 AM
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Boston--Lost in the debate between Anne-Marie Slaughter’s chronicle of the obstacles confronting career-oriented mothers and Sheryl Sandberg’s call to “lean in” is a crucial reality: taxes. Women — no less than other humans, it turns out — can be rational economic actors. The tax code starts with a bias in favor of couples in which one partner works and one stays home. (Snip) What does is the tax code’s treatment of child care.
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Did Putin Sink Cyprus?
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New York Times, by Ben Judah
Original Article
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Posted By: pineledger- 4/3/2013 5:58:03 AM
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Istanbul--The blue-glass skyscrapers of Moscow City — fragments of Russia’s boom-time dream — are visible from the Kremlin walls, within which there was once hope that those towers could supplant the West’s financial centers. When the sun sets behind them, you can see that many of the offices lie empty.In fact, the real hubs for Russian banking are in other countries. Moscow’s billionaires squirrel their fortunes abroad, and many businessmen register their companies as British, Dutch, Swiss or Cypriot — anything but Russian. Whistle-blowers would have us believe that even President Vladimir V. Putin stashes his money offshore.
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Lines Form as Cyprus Banks Reopen
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Wall Street Journal, by Joe Parkinson
Original Article
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Posted By: pineledger- 3/28/2013 7:17:05 AM
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Nicosia, Cyprus—-Lines formed outside banks in Cyprus´s capital early Thursday, but there was little sign of panic as the island´s lenders reopened after a two-week hiatus. Small groups of depositors—mainly numbering a few dozen, mostly pensioners—pressed to enter the banks as they formally reopened at noon (1000 GMT) local time. Police officers and security guards at Bank of Cyprus in Nicosia´s old town allowed eight depositors in at one time. (Snip)Some Cypriots said they would wait until the weekend to go to the bank, fearing that a rush might topple the very banks
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Europeans Planted Seeds of Crisis in Cyprus
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New York Times, by Andrew Higgins
Original Article
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Posted By: pineledger- 3/27/2013 4:52:22 AM
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Nicosia, Cyprus--When European finance chiefs explained their harsh terms for rescuing Cyprus this week, many blamed the tiny Mediterranean nation’s wayward banking practices for bringing ruin on itself. But the path that led to Cyprus’s current crisis — big banks bereft of money, a government in disarray and citizens filled with angry despair — leads back, at least in part, to a fateful decision made 17 months ago by the same guardians of financial discipline that now demand that Cyprus shape up.
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Hot Money Blues
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New York Times, by Paul Krugman
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Posted By: pineledger- 3/25/2013 6:55:57 AM
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Whatever the final outcome in the Cyprus crisis — we know it’s going to be ugly; we just don’t know exactly what form the ugliness will take — one thing seems certain: for the time being, and probably for years to come, the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country. In fact, controls may well be in place by the time you read this. And that’s not all: Depending on exactly how this plays out, Cypriot capital controls may well have the blessing
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Cyprus Postpones Debate on Deposit-Tax Proposal
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Wall Street Journal, by Jenny Paris and Matina Stevis
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Posted By: pineledger- 3/18/2013 8:47:25 AM
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Cyprus postponed for yet another day an emergency parliamentary session to discuss a bailout plan that will see the country´s bank depositors share part of the burden, the house speaker said Monday. The Cypriot parliament is now scheduled to meet Tuesday at 1600 GMT, house speaker Yannakis Omirou told reporters. The parliament had been due to meet Monday at 1400 GMT as the government sought to push the levy through parliament before banks reopened Tuesday after a three-day bank holiday. The vote delay means that the bank holiday will likely be extended for at least another day.
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Young Adults Retreat From Piling Up Debt
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Wall Street Journal, by Neil Shah
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Posted By: pineledger- 3/5/2013 6:40:38 AM
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Young people are racking up larger amounts of student debt than ever before, but fresh data suggest they are becoming warier of borrowing in general: Total debt among young adults dropped in the last decade to the lowest level in 15 years. A typical young U.S. household—defined as one led by someone under age 35—had $15,000 in total debt in 2010, down from $18,000 in 2001 and the lowest since 1995, according to a recent Pew Research Center report and government data. (Snip)In addition, fewer young adults carried credit-card balances and 22% didn´t have any debt at all in 2010
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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McCain: ´I don´t understand´ GOP filibuster on guns
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Broadcasters worry about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Obama critic apologizes for his ´poorly chosen words´ on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Is going gluten-free healthier for everybody?
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The Week, by Staff
Original Article
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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Adam Lanza´s murder spree at Sandy Hook may have been´act of revenge´
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New York Daily News, by Matthew Lysiak and Rich Schapiro
Original Article
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Posted By: noproblems- 4/7/2013 9:52:58 AM
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Newtown killer Adam Lanza may have launched his murder spree at Sandy Hook Elementary School as an “act of revenge,” the Daily News has learned. A close friend of Lanza’s mother told The News that the troubled boy was a target of relentless bullying when he attended the Connecticut school years ago. “I think Adam felt betrayed by the school and this was his act of revenge,” said Marvin LaFontaine, a friend of Nancy Lanza’s. “Nancy told me he was being picked on at school. That they were just torturing him.” Source and text corrected by Staff.
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Parents outraged that Mass. kids were denied lunch
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Associated Press, by Staff
Original Article
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Posted By: beancounter- 4/6/2013 5:21:39 PM
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ATTLEBORO, Mass. — As many as 25 students at a Massachusetts school were denied lunch this week — with at least some forced to dump their food in the garbage — because they couldn´t pay, school officials and parents said. Outraged parents said some students at Coelho Middle School in Attleboro cried when they were told by a worker for the district´s food service provider they could not eat on Tuesday because they couldn´t pay or their pre-paid accounts were short on funds. The on-site director for the company, Whitsons Culinary Group of Islandia, N.Y., was placed on administrative leave by
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