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The Patriot

The Patriot
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  • Expectations are high for tomorrow's jobs report - maybe too high. The consensus is looking for a gain of 508K jobs, by far the largest estimate ever. But the range of estimates is wide, and there's a history of big misses when census workers are involved. So if payrolls do add 500K jobs, is it a non-event? If estimates are off, even if the number is still large, does it rock the markets?  [View news story]
    These numbers are becoming more and more meaningless and less and less credible.
    Jun 3 06:55 PM | 19 Likes Like |Link to Comment
  • Overconfident consumers seeking instant gratification share the blame for the economic mess, but a growing sense of "our fragility and our weaknesses" - call it gloom if you want - can help us develop the realistic expectations needed to save the economy, Rick Newman writes. "It might make us grumpy, but after that it will make us better off."  [View news story]
    For those of us who have lived frugally all our lives, there is nothing more we can do. I am content with my "success" and my goal is just to maintain my current level. What I find so repulsive are the ones telling(mandating) me to lower my standards of living to pay for others excesses.
    Jun 30 07:16 PM | 16 Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    Yeah,right - they are willing to accept increases in OTHER peoples taxes
    Jul 14 05:54 PM | 13 Likes Like |Link to Comment
  • Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought." [View news story]
    Im with you, I think Limbaugh is great. Politically correct dialogue makes me want to puke. Its one of the few media outlets that tells it like it is.
    I also like seeing the conservatives using the wallets to show support.
    Aug 11 10:14 AM | 10 Likes Like |Link to Comment
  • Paul Krugman hopes that Pres. Obama's reported consideration of entitlement cuts as part of a debt ceiling deal is just theater, that "the goal may be... making Republicans look like intransigent extremists - which they are." But he's growing disenchanted: "It’s getting harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right."  [View news story]
    No, the middle hates him too
    Jul 8 07:43 PM | 10 Likes Like |Link to Comment
  • Is Lumber Forecasting the Next Leg Down in Housing? [View article]
    As a forester in the Southeast, I can attest to the drop in prices - I see it every day. We have have experienced a brutal 2 years. Manufacturing and logging production have been greatly reduced. This combined with an extremely wet fall and winter just about eliminated most inventories. Over the last few months production has been ramped up, where possible, to fill the demand. Many of the mills that I have contact with with are again starting to reduce run time. Also there was,is a bump in demand from product going to earthquake relief.
    May 14 07:39 AM | 9 Likes Like |Link to Comment
  • Pres. Obama today: "I think it would be hard for the Republicans to stand there and say that tax breaks for corporate jets [are] sufficiently important that we're not willing to... get a deal done." John Boehner: "His administration has been burying our kids and grandkids in new debt and offered no plan to rein in spending." Does this sound like two sides coming together toward a debt ceiling deal?  [View news story]
    The Fair Tax would solve the problem.
    Jun 29 06:55 PM | 8 Likes Like |Link to Comment
  • Remember when the White House promised to roll back regulatory burdens on the private sector? Facts speak louder than words: Since March 2010, federal regulatory agency employment has jumped more than 5%, while private jobs have grown just 1.5%. Maybe all the regulatory hires are for folks to cut red tape?  [View news story]
    Agreed. I have dealt with the EPA,State regulators, and county regulators for years, relating to timber removal. They have a worthy purpose. No one in their right mind, wants dirty water,air, etc... BUT
    : ) do a little history over the last 30 years relating to the logging of the national forest system. Reagan was accused of raping the forest.
    The USFS was a revenue producer. Now, timber sales are rare and many are the result of bugs,storms,wildfire - salvage sells. Right or wrong, they have been turned into national parks. The national forests were created to produce lumber for the country.
    Go to California and start the permitting process for a non-salvage
    timber harvest and get back with me in a couple of years.

    IMO, I blame lawyers/politicians/lo... The more complex the regulation, the more $ the l/p/l put in their pockets.
    The new laws/regulation coming out of DC these days are hardhitting. "Not all regulation is bad." Not all regulation is good.
    Once, its ingrained into the system - its unkillable.
    Jun 10 07:11 PM | 8 Likes Like |Link to Comment
  • Report: Top 50 polluters emit 75% of greenhouse gases [View news story]
    The report was issued by CDP, formerly known as the Carbon Disclosure Project, it is an international nonprofit group that compiles data on climate change. Their jobs depend on CO2 being labeled as a pollutant !! If CO2 is removed from the greenhouse gas emissions, these fifty companies are some of the most environmentally responsible out there.


    Sep 12 08:10 PM | 7 Likes Like |Link to Comment
  • America's greatest threat is not the deficit or terrorism or China - it is "impotent leadership... the lack of vision... the selling out to the highest bidder in Washington," Barry Ritholtz writes. The U.S. government "has become a giant grift, populated by Jezebels and strumpets," guided only by the "endless stream of corporate giveaways, tax loopholes and bailouts."  [View news story]
    And yet it continues at an accelerating rate. The catalyst to change
    direction wont be pretty.
    May 13 05:43 PM | 7 Likes Like |Link to Comment
  • EPA's new carbon rules hurt coal, could accelerate shift to natural gas [View news story]
    The theorized link between CO2 and global warming/ climate change is NOT proven - it is a COMPUTER MODEL based on assumptions and variables that are not proving to be true.
    I think its fair to say that "green energy" also has its own political and investor clout.
    Sep 21 01:14 PM | 6 Likes Like |Link to Comment
  • At least 26 Fortune 500 companies including GE and Duke Energy paid no U.S. federal income taxes during 2008-11, in part because of the break for accelerated depreciation, according to Citizens for Tax Justice. “These big, profitable corporations are continuing to shift their tax burden onto average Americans,” says the group's director. “This isn’t fair to the rest of us."  [View news story]
    It just highlights what a complete mess the tax code is.
    Apr 9 06:12 PM | 6 Likes Like |Link to Comment
  • House Republican Paul Ryan plays around in his election sandbox and comes up with a budget that would produce $3.13T in deficits over the next 10 years, which sounds high but is half what President Obama is proposing. While it is unlikely to become law, the Ryan budget keeps the debt debate rumbling.  [View news story]
    Same old BS from the dems, tax the productive, kill the savers,subsidize the uncompetitive, give to the unproductive.
    Mar 20 11:08 AM | 6 Likes Like |Link to Comment
  • Even if a deal is struck that would reduce long-term spending with a boost in the debt ceiling, Lawrence Lindsey believes deficit projections nevertheless will be revised upward in the years ahead. For starters, normal interest rates, rather than current near-zero rates, would raise debt service costs $4.9T over 10 years, dwarfing the savings from any potential budget deal.  [View news story]
    4.9 trillion over 10 years ???? How many times have we heard "projections" that are no where close to where they are in reality.
    With these eye popping numbers, I find it hard to believe that anyone has a clue to what the reality is.
    Jun 28 06:05 PM | 6 Likes Like |Link to Comment
  • Pennsylvania has become a battleground over hydraulic fracturing - the natural gas extraction method that is increasingly important to opening up new territory, but is also under fire for potential links to contaminated groundwater.  [View news story]
    I am a professional forester. I supply a mill with timber and as a result, oversee the harvesting thousands of acres of timber each year - gasp : ) I am a staunch "common sense" environmentalist. Despise pollution,fanatic recycler,thermostat control freak, and STRIVE not to be wasteful or harmful. Been doing this for 30 years and have grown up with the increasing rules and regulations. Just like wildlife, resource extraction is bumping into visibility and populations. Without a doubt, there is a price to pay. At the same time, there is a right way and a wrong way to operate. For the most part, the forestry regs that are now in place are mostly positive. Although state and local regs(Calif) in some places make it next to impossible to operate - which is their goal.
    All resource extraction is invasive,high-risk, and increasingly subject to more and more liability(especially after BP). Much of the federal land, was purchased for mineral and timber rights. As the "stop everything" crowd has just about closed federal land, we are more dependent on private land and increasing confrontations. Monitor operations, work WITH industry, learn from the mistakes and then drill,baby,drill : )
    Jul 24 01:13 PM | 6 Likes Like |Link to Comment
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