Massachusetts Jobless Rate Lowest Since December 2008

Posted by daily feed on 12/16/2011 at 8:44AM | No Comments

Massachusetts Jobless Rate Lowest Since December 2008. The state unemployment rate in November was 7 percent, while the national rate was 8.6 percent … insert Occupy-esque sign here.  [Biz Journals]

Must-See TV: GOP WrestleMania with Referee Donald Trump

Trump as the 'moderator' of the Dec. 27 debate? Please!

Posted by Barry Nolan on 12/6/2011 at 10:48AM | 3 Comments

The Holiday gift-giving season will be coming a bit late this year for folks like Jon Stewart, Stephen Colbert and Jay Leno. That’s because a landmark event that promises to be a cornucopia of comic political punch lines won’t happen until December 27 — the GOP debate, sponsored by Newsmax and moderated by Donald Trump.

The fireworks for this one began when the invitations went out. Ron Paul turned it down flat, saying “The selection of a reality television personality to host a presidential debate … is beneath the office of the presidency” and that “Mr. Trump’s participation will contribute to an unwanted circus-like atmosphere.”

Jon Huntsman, turned the invite down, too, saying of the new GOP kingmaker Mr. Trump, “I’m not going to kiss his ring, and I’m not going to kiss any other part of his anatomy.”

Trump in turn, the moderator-to-be mind you, called Ron Paul and Huntsman clowns and liars. Maybe someone on his staff should explain to Trump what “moderate” actually means. Continue reading “Must-See TV: GOP WrestleMania with Referee Donald Trump” »

Will Big Banks Pay Up?

Wells Fargo runs afoul of yet another municipal agency.

Posted by Casey Lyons on 12/2/2011 at 10:35AM | No Comments

Attorney General Martha Coakley broke out the big guns yesterday, filing a lawsuit against three of the nation’s largest banks for allegedly deceptive foreclosure practices.

The Herald reports that Coakley isn’t naming her price, but could join other states in a “global settlement said to be worth $28 billion,” which is just slightly more than the bank’s profits since 2008. Continue reading “Will Big Banks Pay Up?” »

As Tax Hike Looms, a Bell Tolls

Your taxes may be going up in a month or so, thanks to those 'No New Taxes' folks in the GOP.

Posted by Barry Nolan on 11/28/2011 at 10:30AM | No Comments

Your taxes may be going up in a month or so, thanks to those “No New Taxes” folks in the GOP. Republican Senate Minority Whip Jon Kyl and other powerful GOP leaders are insisting it would be good to let middle class taxes increase, but bad to raise taxes on super rich. Ever. So, unless you happen to be super rich, this could be a problem for you very soon.

Appearing on Fox News Sunday over the weekend, Senator Kyl said he wants to let the payroll tax cut expire at the end of next month. This would significantly increase the tax bite on the middle class. But Kyl was adamant that the taxes on the rich should not be increased. Not at all, now, or ever. GOP leaders seem to believe that tax increases on the rich would only discourage them and hurt their feelings. But the middle class? Well — they can just buckle down, suck it up, and get on with it. Continue reading “As Tax Hike Looms, a Bell Tolls” »

The Sport of the Future: Mocking Newt Gingrich

Posted by Barry Nolan on 11/21/2011 at 12:26PM | 3 Comments

Any experienced performer will tell you that one of the surest signs that an act is not going well is a “bad laugh.” That’s a laugh that comes at a moment meant to be profound or dramatic, but not meant to be funny in any way. Performing for a crowd at Harvard’s John F Kennedy School the other night, Newt Gingrich got some real bad laughs. And I think he’s going to be getting a lot more.

Newt began by showing his film, “City on a Hill.” He calls it  “a documentary.” It’s not. It’s an infomercial with Newt as the Tea Party version of the “Sham Wow!” guy. Through a series of aerial shots of wheat fields from-sea-to-shining-sea, conservative talking heads and wooden stand-ups, Newt gives us his take on “American Exceptionalism.”  The biggest bad laugh of the night came after one of the talking heads complained about the way American history is taught in our schools nowadays.

The doughy white man who was not Newt Gingrich mourned that our public schools no longer teach about the heroic efforts and the sacrifices that Americans made during World War Two. The talking head made it clear that he believed that because of the radical left and the pressures of political correctness, high school students today only learn about Rosie the Riveter, Hiroshima and Japanese internment camps.

At this point, the kids around me laughed. The audience, composed largely of bright young students, fresh out of high school  themselves, knew from their own experience that this meme was simply not true.  In fact, it was risible.

Following up on the thought after the show, I called my 23-year-old daughter Delaney and asked her what she remembered being taught about World War Two when she was in high school. She began with “Well, Normandy of course. And Pearl Harbor.” And then she went on to mention the six pointed stars that the Nazis made all the Jews wear and Anne Frank and the American liberation of concentration camps and a story about a G.I. tearfully giving a starving Jewish woman a bar of chocolate…and on and on. She never mentioned Rosie the Riveter. She wasn’t taught about the internment camps until college.  She laughed too when I told her what Newt said. I would like to mention here that I am very proud of my daughter.

It seems like Newt’s real problem with his “American Exceptionalism” is that Newt believes American voters are exceptionally stupid, American students are exceptionally lazy, American media exceptionally corrupt, union members exceptionally thuggish, and workers exceptionally “entitled.”

Speaking after the film, Newt told us that his approach to fixing unemployment would involve ending unemployment insurance. Newt  says we shouldn’t give people money for doing nothing. We don’t. Unemployment Insurance is just that, an insurance policy.  Workers pay their own money into UEI and earn their employer contributions into UEI by working at their jobs.

Newt also seems to think that  the 14.5 million unemployed people in America are out of work just because they just aren’t trying hard enough. Maybe Newt just doesn’t know about the JOLTS data: The most recent Job Opening and Labor Turnovers Survey (JOLTS) showed that there were 3.4 million job openings in the whole country. The most recent unemployment report showed that the total number of unemployed people in America is 13.9 million. So,do the math.  If every single job opening in America was somehow miraculously filled tomorrow, there would still be 10.5 million people for whom there was just no job, nowhere, no how.

Over the weekend, Newt said another laughably stupid thing in Iowa: “The degree to which the left is prepared to impose intolerance and to drive out of existence traditional religion is a mortal threat to our civilization.”

He said this just as malls were beginning to put up their Christmas decorations. He said this even though all of the GOP Presidential candidates except Mormons Mitt Romney and Jon Huntsmen went out to Iowa this weekend to make a big show of their faith. He said this even though survey after survey shows that the United States is the most religious nation in the industrialized world.

Yes, big-brained Newt Gingrich is getting a lot of bad laughs these days for saying things that are so flat out silly and stupid; even kids laugh at him. And with his new rise in the polls, he will be getting more attention, saying more silly things, and earning more bad laughs. And soon enough, Newt’s presidential hopes will slowly wither and die, killed by a widespread and well deserved epidemic of “Newt Mocking.”

Remember: you read it here first.

 

 

 

Wind Farms and the Necessity of Evil

A smidgen of relief for the sleep-deprived, vertigo-suffering residents of Falmouth? Doubt it.

Posted by Casey Lyons on 11/8/2011 at 11:35AM | 1 Comment

Find any potential municipal energy source, and you’ll find the same debate: The big-picture camp who touts the source as the future of local generation and an economic boon to the area. The second camp stands opposed, shrinks the debate right down to the individual level, and claims to be unwilling grist for the kilowatt-producing mill.

But the debate here isn’t about coal plants, fracking, or hydroelectric dam projects, it’s about wind turbines and the possibly-casual-but-definitely-real effects they’re having on some residents of Falmouth, who have the misfortune of living near the 400-foot towers.

But first, rewind: Falmouth, like other municipalities on Cape Cod, installed two wind turbines on town land to help the state meet Gov. Deval Patrick’s mandate to have 80,000 homes powered by green technologies by the end of the decade (25 percent from land-based generation), and to cash in on the Cape’s winds. Continue reading “Wind Farms and the Necessity of Evil” »

First-Year Harvard Students Stage Walk-Out of Econ Class

Posted by daily feed on 11/3/2011 at 9:56AM | No Comments

First-Year Harvard Students Stage Walk-Out of Econ Class. In a letter to economics professor Greg Mankiw, the students wrote: “We are walking out today to join a Boston-wide march protesting the corporatization of higher education as part of the global Occupy movement. Since the biased nature of Economics 10 contributes to and symbolizes the increasing economic inequality in America, we are walking out of your class today both to protest your inadequate discussion of basic economic theory and to lend our support to a movement that is changing American discourse on economic injustice.” In a response on his blog, Mankiw wrote: ”Ironically, the topic for today’s lecture is the distribution of income, including the growing gap between the top 1 percent and the bottom 99 percent. I am sorry the protesters will miss it.”  [ Harvard Crimson]

Lawsuit Pits Whales Against Lobster Fishery

... because lobster gear is causing harm to three endangered species of whales.

Posted by Casey Lyons on 11/1/2011 at 9:29AM | No Comments

In a federal lawsuit that’s bound to stir the pot in the ongoing push-pull between preserving coastal ecosystems and using them as a food source, three environmental groups are claiming that lobster gear is causing harm to three endangered species of whales in violation of the Endangered Species and Marine Mammal Protection acts.

From Maine to North Carolina, lobster fisherman and the three species of whale ply the same coastal waters, and the suit alleges that such overlap, particularly in summer and fall due to whale migration patterns, has resulted in at least 10 deaths from boat strikes and entanglement in underwater gear. Continue reading “Lawsuit Pits Whales Against Lobster Fishery” »

Is the GOP De-Regulating Lies?

The candidates' talk about a tsunami of regulation is simply not true.

Posted by Barry Nolan on 10/31/2011 at 10:31AM | 2 Comments

One thing all the current GOP presidential candidates seem to agree on is that the Obama administration is nuts for the whole regulation thing and that the Uber Nanny Obama is on the verge of regulating our country into economic oblivion.

The Republicans have focused their special ire on the EPA. That’s, of course, the awful liberal pinko agency that was first proposed by President Richard Nixon. The current crop of Republicans especially hates the Clean Air Act, signed into law by  Nixon. The current crop also hates the Clean Air amendment of 1990. That’s the one to curb acid rain. It passed by a vote of 89-11 in the Senate and was signed into law by President George H. W. Bush. Of course that was all back when Republicans tended to be members of the reality-based community. Continue reading “Is the GOP De-Regulating Lies?” »

Herman Cain’s 9-9-9 Plan = Tax the Poor

Posted by Barry Nolan on 10/19/2011 at 3:49PM | 9 Comments

I am sitting here looking at my income tax return from 2010 and thinking about Tea Party favorite Herman Cain. My federal tax return is about one-half inch thick, and it cost a bundle to have it prepared. There is, of course, the 1040 form, as well as schedules A, B, C, and D, plus forms 8582, 2106 EZ, 4562, and so on.

I really wish good ol’ Herman Cain actually knew what he was talking about with his 9-9-9 plan. I wish it would actually work and that it would lower my taxes and make the tortuous experience of dealing with income tax returns just sort of go away. But Cain is nuts, and his 9-9-9 plan is hooey.

That is why Mitt Romney and Rick Perry and all the rest of the GOP field gave Cain’s plan such a smackdown in Tuesday’s GOP debate in Las Vegas. Continue reading “Herman Cain’s 9-9-9 Plan = Tax the Poor” »