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Good News for U.S. Capital Markets
American Magazine, by Peter J. Wallison

Original Article

Posted By:EagleBlurst, 8/8/2014 11:43:13 AM

After its last meeting at the end of July, the Financial Stability Oversight Council (FSOC) announced that it has “directed staff to undertake a more focused analysis of industry-wide products and activities” in the asset management industry. This has been interpreted as a step back from the FSOC´s earlier position that the financial distress of large asset managers — or at least the funds they manage — could have systemic effects on the U.S. financial system and thus warrant designation as systemically important financial institutions, or SIFIs. The Wall Street Journal reported that the FSOC had “agreed to revamp their

      


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Below, you will find ...

Most Recent Articles posted by "EagleBlurst"

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Most Active Articles (last 48 hours)




Most Recent Articles posted by "EagleBlurst"



In Defense of Price Gouging
and Profiteering
American Magazine, by Benjamin Zycher    Original Article
Posted By: EagleBlurst- 8/8/2014 9:22:23 AM     Post Reply
Minor news stories with only a local direct interest nonetheless can carry large general implications, and just such a recent item emerged last weekend: Residents of Toledo, Ohio were warned not to use city water supplies due to algae growth in Lake Erie. (After a few days, the water was declared safe to drink.) For those few days, unsurprisingly, the demand and market prices for bottled water increased sharply, and few politicians can resist such opportunities for demagoguery: “Ohio Attorney General Mike DeWine is dispatching employees to the city to investigate complaints of price-gouging on bottled water.” “Price gouging” is

   

 

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A bipartisan consensus
on how to fight poverty?
American Magazine, by Arnold Kling    Original Article
Posted By: EagleBlurst- 8/6/2014 10:38:15 AM     Post Reply
Two recent comprehensive policy proposals for reforming the government´s approach to fighting poverty — one from a center-left think tank, the other from Republican Congressman Paul Ryan — seem to share some core ideas. Does this represent an opening for some rare bipartisanship? In June, the Hamilton Project released a free e-book, Policies to Address Poverty in America, edited by Melissa S. Kearney and Benjamin H. Harris. In July, Ryan´s House Budget Committee put out a “discussion draft,” Expanding Opportunity in America. Each represents a serious, broad attempt to improve anti-poverty policy. Ryan´s approach centers on consolidating many existing programs

The Long-Hours Luxury
American Magazine, by Tino Sanandaji    Original Article
Posted By: EagleBlurst- 8/4/2014 2:27:50 PM     Post Reply
The United States and most other industrialized countries have experienced a rapid increase in inequality since around the 1970s. Unsurprisingly, the discussion of inequality has become politicized. Some deny the increase in inequality entirely, in spite of overwhelming evidence. Others exaggerate the magnitude of inequality, for example by claiming that all income gains have gone to the rich. The estimates of income distribution by the Congressional Budget Office avoids several common methodological problems. The CBO adjusts for declining household size and uses a broader definition of income that includes pension and health care contributions by employers. Between 1979 and 2010

It´s Time for Real Reform of
Veterans´ Health
American Magazine, by Joseph Antos    Original Article
Posted By: EagleBlurst- 7/31/2014 1:32:06 PM     Post Reply
Congress is expected to adopt a bipartisan deal to improve veterans´ health care before it adjourns for a five-week summer recess. Representative Jeff Miller (R-Florida) and Senator Bernie Sanders (I-Vermont), chairmen of the House and Senate Veterans Affairs committees, announced a $17 billion initiative that would help reduce the backlog of veterans who have had to endure long waits before receiving the care they need. The legislation addresses the immediate crisis, but it will not cure a system plagued by inefficiency, ineptitude, and worse. The Veterans Health Administration, part of the Department of Veterans Affairs (VA), made headlines

Big Data: Here to Stay, but
with Caveats
American Magazine, by Edward Tenner    Original Article
Posted By: EagleBlurst- 7/30/2014 11:09:34 AM     Post Reply
At first glance it’s strange that the idea of big data — often imagined simply as the use of software to explore and analyze unprecedented amounts of information — should be controversial at all. Haven’t we depended on it for years in our everyday lives? Haven’t credit card companies mined their vast records to prevent fraud by identifying suspicious purchase patterns? Don’t politicians of both parties analyze voting records down to the precinct level to identify opportunities for tipping elections? And don’t nearly all of us rely on Google and other search engines to exploit complex algorithms that identify the

Are Rising Health Care Costs
Creating a Retirement Crisis?
American Magazine, by Andrew G. Biggs    Original Article
Posted By: EagleBlurst- 7/28/2014 9:39:08 AM     Post Reply
It’s almost taken for granted that Americans are dramatically undersaving for retirement. Some headline-generating studies claim that half of Americans will fall short of what they need; others say it’s two-thirds or more. And, these studies claim, it gets even worse when we take rising health costs for retirees into account. Facing a seeming retirement crisis, progressives propose expensive expansions of Social Security, despite the program’s multi-trillion-dollar unfunded liabilities. In reality, though, the retirement crisis is overblown. And the claim that health costs mean we need to save dramatically more for retirement shows a misunderstanding of

   

 

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No Free Lunch for the ECB
American Magazine, by Desmond Lachman    Original Article
Posted By: EagleBlurst- 7/25/2014 9:45:48 AM     Post Reply
Milton Friedman was fond of saying of economic policy choices that there was no such thing as a free lunch, meaning that an economic policy option that appears to offer an attractive choice in the short run usually has negative longer-run consequences that outweigh any advantages. Friedman’s observation certainly applies to the unprecedented expansion in the Federal Reserve and the Bank of Japan’s balance sheets over the past few years. While those expansions might have provided much-needed short-term support to the U.S. and Japanese economies, they have done so at the cost of creating bubble-like conditions

How Risky Is It to Be Uninsured?
American Magazine, by Christopher J. Conover    Original Article
Posted By: EagleBlurst- 7/23/2014 9:54:52 AM     Post Reply
In a recent survey, 48 percent of uninsured respondents did not plan on looking for information on the health insurance exchanges set up under the Affordable Care Act, or had not heard about them. Are uninsured people ignorant? Or might the poll reflect a well-reasoned choice? What are the actual risks associated with being uninsured? Lack of coverage may increase the odds of early death and slightly reduce everyday health status. Yet, at most, one year of being uninsured yields a loss of life expectancy of 16 healthy days of life (roughly equivalent to experiencing the foot problems

Melodrama at the Met
American Magazine, by Rebecca Burgess    Original Article
Posted By: EagleBlurst- 7/21/2014 9:40:59 AM     Post Reply
With emotions reaching Wagnerian proportions, the storied Metropolitan Opera has arrived at the penultimate act of its latest melodramatic production: contract negotiations with the 16 unions currently holding sway over the 2,000-plus employees who bring each opera to life. The current labor contract expires on July 31, but as early as this past February, American Guild of Musical Artists Executive Director Alan Gordon was advising members to prepare for a lockout and a cancelled, or partially cancelled, 2014-2015 season. The leitmotif running through the labor discussions has been the possible death of the 130-year-old Metropolitan Opera.

Uber Upstarts: Technological
Progress and Its Discontents
American Magazine, by Michael M. Rosen    Original Article
Posted By: EagleBlurst- 7/18/2014 10:37:16 AM     Post Reply
“You working the whole day?” I asked my UberX driver en route to San Francisco International Airport, trying to make small talk. “Well, I’m driving for a few hours,” he responded, “but then I’m meeting my direct reports to polish off some time-sensitive projects.” In my experience riding in the cars-for-hire of transportation network companies (TNCs) like Uber, Lyft, and Sidecar, my driver’s moonlighting — in this case, daylighting — has been typical. My drivers over the past six months have included men and women pursuing their own careers as consultants, software engineers, students, and used-car salesmen, yet

The Most Important of
Unimportant Things
American Magazine, by Joseph Epstein    Original Article
Posted By: EagleBlurst- 7/16/2014 9:39:40 AM     Post Reply
“Sports,” said Larry King, in a formulation I much like, “is the most important of unimportant things.” During the last few weeks, however, one’s confidence about the essential unimportance of sports has been cast into the shadows of doubt. Sports have been turning up on the front pages of newspapers, usually above the fold, often being among the leading items on national television newscasts. Circuses before bread has been the order of the day. America’s participation in the World Cup soccer championship garnered a vast amount of press and popular interest. Had the U.S. soccer team gone

   

 

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Fixing the Child Care Penalty
American Magazine, by Alan D. Viard    Original Article
Posted By: EagleBlurst- 7/14/2014 9:44:38 AM     Post Reply
Earlier this week, five senators, Jeanne Shaheen (D-NH), Patty Murray (D-WA), Barbara Boxer (D-CA), Kirsten Gillibrand (D-NY), and Barbara Mikulski (D-MD), introduced S. 2565, the Helping Working Families Afford Child Care Act. The bill would take a big step towards neutral tax treatment of working single parents and two-earner couples by expanding the child care credit. Under basic tax policy principles, workers should be allowed to deduct the expenses of earning the income on which they are taxed. Child care meets the economic definition of a work-related expense — parents are less likely to work when child care becomes



Most Active Articles (last 48 hours)



‘Extraordinarily Irresponsible’ —
Obama Gives Pointless, Yet Damaging,
Press Conference

69 replie(s)
PJ Media, by Bryan Preston    Original Article
Posted By: KarenJ1- 8/6/2014 9:08:52 PM     Post Reply
President Obama gave a press conference this evening. He started a little over an hour late without explanation. Reporters stuck to asking questions that they evidently knew Obama would be comfortable answering. None of them asked him about any of his administration scandals. ABC’s Jon Karl, usually a tough questioner of Obama and his spokesmen, asked a rambling question that played right into the Democrats’ “economic patriotism” canard. Despite the fact that the president showed a passionless, bloodless, disinterested face to the world, he still managed to do some damage. Chris Jansing of CNN asked Obama if the sanctions against Russia are working.

Michelle Obama Is Radiant in a
Neon Yellow Dress and Topknot—
You Gotta See This Look!

50 replie(s)
E! OnLine, by Emily Popp    Original Article
Posted By: JoniTx- 8/6/2014 4:44:56 PM     Post Reply
It doesn´t get much more cool and easy breezy than FLOTUS in a topknot. Seriously, if you looked up "summertime" in the dictionary, you´d see this picture of Michelle Obama in a bright yellow sundress and a chic updo. The first fady looked positively radiant in a gorgeous neon yellow chiffon dress by Prabal Gurung during the United States-Africa summit dinner Tuesday night. Obama is a known fan of the Nepalese designer, and we adore this vibrant and effortless look on her. She also often favors bright, bold colors—and this shade of electric lemon yellow? Perfection. The halter-style dress fell

1,000-Member Secretive Progressive
Journalist Group Uncovered

43 replie(s)
Breitbart´s Big Journalism, by Breitbart News    Original Article
Posted By: KarenJ1- 8/6/2014 2:13:39 PM     Post Reply
WASHINGTON, D.C. – A prominent CNN commentator, the top two political reporters for The Huffington Post, a Reuters reporter, the editor of The Nation magazine, a producer for Al Jazeera America television, a U.S. News & World Report columnist, and approximately two dozen Huffington Post contributors are among the more than 1,000 members of Gamechanger Salon. Founded by leftwing activist Billy Wimsatt, the group is a secretive digital gathering of writers, opinion leaders, activists and political hands who share information, ideas and strategy via a closed Google group. The group’s existence was discovered by Media Trackers through an open records

The United States of America cannot
turn a blind eye´: Obama authorizes
airstrikes in Iraq to protect U.S. officials
and refugees trapped by ISIS rebels

36 replie(s)
Daily Mail [UK], by David Martosko*    Original Article
Posted By: Attercliffe- 8/7/2014 11:38:26 PM     Post Reply
President Obama, who ran for office on a platform of ending U.S. military hostilities in Iraq, said Thursday night that he had authorized ´targeted airstrikes if necessary´ in an effort to protect the delivery of humanitarian aid to threatened Iraqis, and to ensure the safety of US personnel delivering the assistance. ´We do whatever is necessary to protect our people. We support our allies when they´re in danger,´ Obama said in an 8-minute speech delivered from the White House´s State Dining Room But American combat troops will not be returning to fight in Iraq, he insisted, and the U.S. won´t

   

 

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Michelle Obama: ´Women
Are Smarter Than Men´

33 replie(s)
Breitbart Big Government, by Charlie Spiering    Original Article
Posted By: KarenJ1- 8/6/2014 2:26:26 PM     Post Reply
First Lady Michelle Obama shared some thoughts about women versus men during a conversation with former First Lady Laura Bush at the U.S Africa Leaders Summit in Washington D.C. Obama explained that as First Lady it was important to remember to use the position to highlight their personal interests. “We can’t waste this spotlight, it is temporary and life is short and change is needed and women are smarter than men. And the men can’t complain because you’re outnumbered today,” she said as the audience laughed. Obama cited Laura Bush as a First Lady that acted with a level of

Bolton: World Has Descended
Into Chaos Under Obama

30 replie(s)
Washington Free Beacon, by Staff    Original Article
Posted By: KarenJ1- 8/6/2014 7:41:35 PM     Post Reply
Former Ambassador to the United Nations John Bolton warned of the perilous new age our world has sunken into under President Obama’s leadership. Bolton appeared on Fox Business Wednesday and hammered the president for his failure to effectively lead. “The world is descended into chaos,” Bolton said. He referenced a new WSJ/NBC poll that found Americans are panicking over the uncertain, dismal state of our country. The poll found that only 36 percent of Americans surveyed approve of President Obama’s foreign policy. The former Ambassador warned that if America cowers from a position of power, “you are going to have

Watch laser show of Barack Obama eating
BANANA in racist ´happy birthday message

29 replie(s)
Daily Mirror (UK), by Johnathan Symcox    Original Article
Posted By: Scottyboy- 8/7/2014 8:08:16 AM     Post Reply
The disgraceful video above shows how racist Russian students projected a laser image of Barack Obama eating a banana on to the US Embassy in Moscow. On 4th August, the so-called show began with a message to the US President pretending to wish him a happy 53rd birthday. A likeness of Obama with a party hat on his head then appeared, although the mouth area was made to look like that of a monkey - and a banana repeatedly moved into the mouth. The series of projections are then repeated several times. A group calling itself The Moscow Student Initiative

GOP´s nasty border bill
28 replie(s)
USA Today, by Kirsten Powers    Original Article
Posted By: KarenJ1- 8/7/2014 10:10:55 AM     Post Reply
The GOP has shown time and again that it is incapable of passing any meaningful immigration reform. But give them tens of thousands of Central American children fleeing violence, and they fly into action. Turns out, what animates today´s Republicans is deporting kids. So inspired were they, the GOP-controlled House of Representatives stayed late Friday to distort and demagogue a humanitarian crisis, passing a reprehensible bill that the Republicans claim addresses the border crisis. Kevin Appleby, director of the Office of Migration Policy at the U.S. Conference of Catholic Bishops, told me, "This bill guts any real due process for

How the Tea Party became
as corrupt as the beltway it loathes

28 replie(s)
The Week, by Michael Brandon Dougherty    Original Article
Posted By: tisHimself- 8/7/2014 4:46:29 PM     Post Reply
This week, ProPublica released a report on the financial (and moral) corruption of a Tea Party group operating under the name Move America Forward, which was founded by one Sal Russo. Russo also helped start the Our Country Deserves Better PAC, aka the Tea Party Express. Move America Forward has run fake drives to give care packages to troops, stolen images of other charitable campaigns and passed them off as its own, and trumpeted a nonexistent partnership with Walter Reed Hospital — all while funneling very real millions to itself. The group is an industry leader at taking your Tea

   

 



 
‘Serious limitations’: Gov’t watchdogs
unite in letter slamming Obama
administration transparency

25 replie(s)
Fox News, by Mike Emanuel    Original Article
Posted By: ruready?- 8/6/2014 5:24:00 PM     Post Reply
Dozens of government watchdogs are sounding the alarm that the Obama administration is stonewalling them, in what is being described as an unprecedented challenge to the agencies they´re supposed to oversee. Forty-seven of the government´s 73 independent watchdogs known as inspectors general voiced their complaints in a letter to congressional leaders this week. They accused several major agencies -- the Justice Department, the Peace Corps and the chemical safety board -- of imposing "serious limitations on access to records." The inspectors general are now appealing to Congress to help them do their jobs uncovering waste, fraud, and mismanagement.

Issa: More Than 20 Obama Officials
‘Lost or Destroyed’ E-mails After
House Launched Probes

23 replie(s)
National Review Online, by Joel Gehrke    Original Article
Posted By: JoniTx- 8/7/2014 9:36:00 PM     Post Reply
The revelation that Centers for Medicare & Medicaid Services administrator Marilynn Tavenner did not retain her e-mails means that more than 20 witness in the Obama administration to lose or delete e-mails without notifying Congress, according to the top House investigator. “The Obama administration has lost or destroyed e-mails for more than 20 witnesses, and in each case, the loss wasn’t disclosed to the National Archives or Congress for months or years, in violation of federal law,” House Oversight and Government Reform Committee chairman Darrell Issa (R., Calif.) said of Tavenner’s lost e-mails. “It defies logic that so many senior

An income cap
might not be so crazy

22 replie(s)
Chicago Tribune, by Mark Buchanan    Original Article
Posted By: AltaD- 8/6/2014 5:06:58 PM     Post Reply
Concern about rising wealth and income inequality has generated all kinds of solutions, often focused on improving the lot of the people at the bottom with measures such as minimum wages. But instead of putting a floor on what people get, why not put a ceiling on how much they get to keep?(Snip)Suppose that people, after paying ordinary income taxes, would be allowed to keep up to, say, $500,000 of their income, then would be obliged to give away the rest to the charities of their choice or, if they like, to a charity of their own design and creation.

   

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