After the plandemic plan did not have the desired effect, the Dark Forces have stepped up their efforts to increase End Time madness.The Jesuits, Knights of Malta and Knights of Columbus are now polarizing political left and political right in the Uni...
Tag: economy (page 1 of 4)
Clearing of the Chimera group continues. The main problem remaining are implants of the Cabal members, connected with Tunnels of Set to Yaldabaoth plasma accretion vortex which extends throughout the Solar system, tied to plasma strangelet and t...
Andy Hoffman from Miles Franklin is back to document the current state of the collapse of the global economy - and the situation is only getting worse by the day. From Caterpillar to Glencore Mining, the future is as clear as it is bleak. And most American still have absolutely NO IDEA what's in store for them as the FED dominoes of fraud begin falling. TRILLIONS have been printed with no "trickle down" in sight. [...]
Heather CallaghanSomething fishy is going on with California’s assessments and so-called fracking regulations…It is an unfortunate reality that good jobs are intertwined with what might be later construed as not only an environmental devastation but America’s next personal health devastation – hydraulic fracking.It is also unfortunate that while Americans flock to so-called “boom towns” for those good jobs, the jobs themselves are tied into the eb [...]
Buck Rogers, Staff WriterThe isolation of Cuba from world economy has meant that the Cuban economy has not been as influenced by global corporations and governments as most other modern nations have. The country is a bit “behind the times” when it comes to cars, industry, technology, and basically all of the luxuries that we consider necessities in the typical consumer lifestyle of the 21st century. As a result, not only are the Cuban people seemingly [...]
Sonia Luokkala, Earth Island JournalWaking TimesThe mesas of Monument Valley rise deep red on the horizon. We are in Diné Bikéyah, land of the Navajo.“This is John Wayne country,” trained Navajo guide Gregory Holiday repeats his lines for an enchanted group of tourists. The view opens boundless to the sacred land of the Diné people, but for visitors it is presented as the iconic west of cowboys and Americana.The sun sets and the last traveler boards t [...]
by G. William DomhoffNOTE: WhoRulesAmerica.net is largely based on my book,Who Rules America?, first published in 1967 and now in its7th edition. This on-line document is presented as a summary of some of the main ideas in that book.Who has predominant power in the United States? The short answer, from 1776 to the present, is: Those who have the money -- or more specifically, who own income-producing land and businesses -- have the power. George Washington was one of the biggest landowner [...]
Excerpt from autotrader.com By Josh Sadlier Seems like the only thing automakers want to talk about these days is how their cars suddenly get great fuel economy. Given this relentless chatter, it's tempting to conclude that mos...
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| President Barack Obama's new $4 trillion budget plan is distributed by the Senate Budget Committee as it arrives on Capitol Hill in Washington, early Monday, Feb. 02, 2015. The fiscal blueprint for the budget year that begins Oct. 1, seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times. Republicans, who now hold the power in Congress, are accusing the president of seeking to revert to tax-and-spend policies that will harm the economy while failing to do anything about soaring spending on government benefit programs. (AP Photo/J. Scott Applewhite) |
WASHINGTON — Sure, $4 trillion sounds like a lot. But it goes fast when your budget stretches from aging highways to medical care to space travel and more.
Here's an agency-by-agency look at how President Barack Obama would spend Americans' money in the 2016 budget year beginning Oct. 1:
HEALTH AND HUMAN SERVICES
Up or down? Up 4.3 percent
What's new? Medicare could negotiate prices for cutting-edge drugs.
Highlights:
— The president's proposed health care budget asks Congress to authorize Medicare to negotiate what it pays for high-cost prescription drugs and for biologics, including advanced medications for diseases such as rheumatoid arthritis. Currently, private insurers bargain on behalf of Medicare beneficiaries. Drug makers have beaten back prior proposals to give Medicare direct pricing power. But the introduction of a $1,000-a-pill hepatitis-C drug last year may have shifted the debate.
— Tobacco taxes would nearly double, to extend health insurance for low-income children. The federal cigarette tax would rise from just under $1.01 per pack to about $1.95 per pack. Taxes on other tobacco products also would go up. That would provide financing to pay for the Children's Health Insurance Program through 2019. The federal-state program serves about 8 million children, and funding technically expires Sept. 30. The tobacco tax hike would take effect in 2016.
— Starting in 2019, the proposal increases Medicare premiums for high-income beneficiaries and adds charges for new enrollees. The charges for new enrollees include a home health copayment, changes to the Part B deductible, and a premium surcharge for seniors who've also purchased a kind of supplemental insurance whose generous benefits are seen as encouraging overuse of Medicare services.
— There's full funding for ongoing implementation of Obama's health care law.
—The plan would end the budget sequester's 2 percent cut in Medicare payments to service providers and repeal another budget formula that otherwise will result in sharply lower payments for doctors. But what one hand gives, the other hand takes away. The budget also calls for Medicare cuts to hospitals, insurers, drug companies and other service providers.
The numbers:
Total spending: $1.1 trillion, including about $1 trillion on benefit programs including Medicare and Medicaid, already required by law.
Spending that needs Congress' annual approval: $80 billion.
NASA
Up or down? Up 2.9 percent
What's new? Not much. Just more money for planned missions.
Highlights:
—The exploration budget — which includes NASA's plans to grab either an asteroid or a chunk of an asteroid and haul it closer to Earth for exploration by astronauts — gets a slight bump in funding. But the details within the overall exploration proposal are key. The Obama plan would put more money into cutting-edge non-rocket space technology; give a 54 percent spending jump to money sent to private firms to develop ships to taxi astronauts to the International Space Station; and cut by nearly 12 percent spending to build the next government big rocket and capsule to carry astronauts. Congress in the past has cut the president's proposed spending on the private firms and technology and boosted the spending on the government big rocket and capsule.
—The president's 0.8 percent proposed increase in NASA science spending is his first proposed jump in that category in four years. It's also the first proposed jump in years in exploring other planets. It includes extra money for a 2020 unmanned Martian rover and continued funding for an eventual robotic mission to Jupiter's moon Europa. But the biggest extra science spending goes to study Earth.
— Obama's budget would cut aeronautics research 12 percent from current spending and slash NASA's educational spending by 25 percent. It also slightly trims the annual spending to build the over-budget multi-billion dollar James Webb Space Telescope, which will eventually replace the Hubble Space Telescope and is scheduled to launch in 2018.
The numbers:
Total spending: $18.5 billion
Spending that needs Congress' annual approval: $18.5 billion
TRANSPORTATION
Up or down? Up 31 percent
What's new? A plan to tackle an estimated $2 trillion in deferred maintenance for the nation's aging infrastructure by boosting highway and transit spending to $478 billion over six years.
Highlights:
— The six-year highway and transit plan would get a one-time $238 billion infusion from the general treasury. Some of the money would be offset by taxing the profits of U.S. companies that haven't been paying taxes on income made overseas. That infusion comes on top of the $35 billion a year that normally comes from gasoline and diesel taxes and other transportation fees.
— The proposal also includes tax incentives to encourage private investment in infrastructure, and an infrastructure investment bank to help finance major transportation projects.
— The new infrastructure investment would be front-loaded. The budget proposes to spend the money over six years and pay for the programs over 10 years.
— The proposal also includes a new Interagency Infrastructure Permitting Improvement Center to coordinate efforts across nearly 20 federal agencies and bureaus to speed up the permitting process. For example, the Coast Guard, Corps of Engineers and Transportation Department are trying to synchronize their reviews of projects such as bridges that cross navigation channels.
The numbers:
Total spending: $94.5 billion, including more than $80 billion already required by law, mostly for highway and transit aid to states and improvement grants to airports.
Spending that needs Congress' annual approval: $14.3 billion.
Associated Press writers Ricardo Alonso-Zaldivar, Seth Borenstein, Joan Lowy and Connie Cass contributed to this report.
Excerpt from seattletimes.com
Elon Musk thought three major trends would drive the future: the Internet, the quest for sustainable energy and space exploration. He’s got skin in all three games.
The famous entrepreneur isn’t going to live here, at least not yet. But earlier this month he did announce plans to bulk up an engineering center near Seattle for his SpaceX venture. The invitation-only event was held in the shadow of the Space Needle.
If the plan happens, SpaceX would join Planetary Resources and Blue Origin in a budding Puget Sound space hub. With talent from Boeing, the aerospace cluster and University of Washington, this offers fascinating potential for the region’s future.
Elon Musk sounds like the name of a character from a novel that would invariably include the sentence, “he had not yet decided whether to use his powers for good or for evil.”
He is said to have been the inspiration for the character Tony Stark, played by Robert Downey Jr. in the “Iron Man” movies. He’s also been compared to Steve Jobs and even Thomas Edison.
The real Musk seems like a nice-enough chap, at least based on his ubiquitous appearances in TED talks and other venues.
Even the semidishy essay in Marie Claire magazine by his first wife, Justine, is mostly about the challenge to the marriage as Musk became very rich, very young, started running with a celebrity crowd and exhibited the monomaniacal behavior common to the entrepreneurial tribe.
A native of South Africa, Musk emigrated to Canada and finally to the United States, where he received degrees from the University of Pennsylvania’s prestigious Wharton School. He left Stanford’s Ph.D. program in applied physics after two days to start a business.
In 1995, he co-founded Zip2, an early Internet venture for newspapers. Four years later, he co-founded what would become PayPal. With money from eBay’s acquisition of PayPal, he started SpaceX. He also invested in Tesla Motors, the electric-car company, eventually becoming chief executive. Then there’s Solar City, a major provider of solar-power systems.
Musk has said that early on he sensed three major trends would drive the future: the Internet, the quest for sustainable energy and space exploration. He’s got skin in all three games.
At age 43, Musk is seven years younger than Jeff Bezos and more than 15 years younger than Bill Gates.
His achievements haven’t come without controversy. Tesla played off several states against each other for a battery factory. Nevada, desperate to diversify its low-wage economy, won, if you can call it that.
The price tag was $1.4 billion in incentives and whether it ever pays off for the state is a big question. A Fortune magazine investigation showed Musk not merely as a visionary but also a master manipulator with a shaky deal. Musk, no shrinking violet, fired back on his blog.
SpaceX is a combination of the practical and the hyperambitious, some would say dreamy.
On the practical side, the company is one of those chosen by the U.S. government to resupply the International Space Station. Musk also hopes to put 4,000 satellites in low-Earth orbit to provide inexpensive Internet access worldwide.
The satellite venture will be based here, with no financial incentives from the state.
But he also wants to make space travel less expensive, generate “a lot of money” through SpaceX, and eventually establish a Mars colony.
“SpaceX, or some combination of companies and governments, needs to make progress in the direction of making life multiplanetary, of establishing a base on another planet, on Mars — being the only realistic option — and then building that base up until we’re a true multiplanet species,” he said during a TED presentation.
It’s heady stuff. And attractive enough to lead Google and Fidelity Investments to commit $1 billion to SpaceX.
Also, in contrast with the “rent-seeking” and financial plays of so many of the superwealthy, Musk actually wants to create jobs and solve practical problems.
If there’s a cautionary note, it is that market forces alone can’t address many of our most serious challenges. Indeed, in some cases they make them worse.
Worsening income inequality is the work of the hidden hand, unfettered by antitrust regulation, progressive taxation, unions and protections against race-to-the-bottom globalization.
If the hidden costs of spewing more carbon into the atmosphere are not priced in, we have today’s market failure exacerbating climate change. Electric cars won’t fix that as long as the distortions favoring fossil fuels remain.
So a broken, compromised government that’s cutting research dollars and failing to invest in education and forward-leaning infrastructure is a major impediment.
The United States did not reach the moon because of a clever billionaire, but through a national endeavor to serve the public good. I know, that’s “so 20th century.”
Also, as Northwestern University economist Robert Gordon might argue, visionaries such as Thomas Edison grabbed relatively low-hanging fruit, with electrification creating huge numbers of jobs.
Merely recovering the lost demand of the Great Recession has proved difficult. Another electrificationlike revolution that lifts all boats seems improbable.
I’m not sure that’s true. But it will take more than Iron Man to rescue the many Americans still suffering.
Excerpt from hollywoodreporter.com
Google executive chairman Eric Schmidt on Thursday predicted the end of the Internet as we know it.
At the end of a panel at the World Economic Forum in Davos, Switzerland, where his comments were webcast, he was asked for his prediction on the future of the web. “I will answer very simply that the Internet will disappear,” Schmidt said.
“There will be so many IP addresses…so many devices, sensors, things that you are wearing, things that you are interacting with that you won’t even sense it,” he explained. “It will be part of your presence all the time. Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room.”
Concluded Schmidt: “A highly personalized, highly interactive and very, very interesting world emerges.”
The panel, entitled The Future of the Digital Economy, also featured Facebook COO Sheryl Sandberg and others.
Earlier in the debate, Schmidt discussed the issue of market dominance. The European Union has been looking at Google’s search market dominance in a long-running antitrust case, and the European parliament late last year even called for a breakup.
“You now see so many strong tech platforms coming, and you are seeing a reordering and a future reordering of dominance or leaders or whatever term you want to use because of the rise of the apps on the smartphone,” Schmidt said Thursday. “All bets are off at this point as to what the smartphone app infrastructure is going to look like” as a “whole new set” of players emerges to power smartphones, which are nothing but super-computers, the Google chairman argued. “I view that as a completely open market at this point.”
Asked about his recent trip to North Korea, Schmidt said the country has many Internet connections through data phones, but there is no roaming and web usage is “heavily supervised.” Schmidt said “it’s very much surveillance of use,” which he said was not good for the country and others.
Sandberg and Schmidt lauded the Internet as an important way to give more people in the world a voice. Currently, only 40 percent of people have Internet access, the Facebook COO said, adding that any growth in reach helps extend people’s voice and increase economic opportunity. “I’m a huge optimist,” she said about her outlook for the industry. “Imagine what we can do” once the world gets to 50 percent, 60 percent and more in terms of Internet penetration.
She cited women as being among the beneficiaries, saying the Internet narrows divides.
Schmidt similarly said that broadband can address governance issues, information needs, personal issues, women empowerment needs and education issues. “The Internet is the greatest empowerment of citizens … in many years,” he said. “Suddenly citizens have a voice, they can be heard.”
During another technology panel at the World Economic Forum on Thursday, Yahoo CEO Marissa Mayer, Liberty Global CEO Mike Fries and others answered questions on the need to regulate privacy standards on the Internet and for tech companies following the Snowden case, the Sony hack and the like.
Mayer said that the personalized Internet “is a better Internet,” emphasizing: “We don’t sell your personal data … We don’t transfer your personal data to third parties.” She said users own their data and need to have control, adding that people give up data to the government for tax assessment, social services and other purposes.
Fries said Liberty Global subscribers view billions of hours of content and generate billions of clicks, but added that “today we do nothing.” He explained: “We generate zero revenue from all of that information.” But he acknowledged that big data was big business for a lot of people.
Both executives said transparency was important to make sure users know privacy standards and the like.
Gunther Oettinger, a conservative German politician serving as the European Union’s commissioner for digital economy and society, said on the panel that “we need a convincing global understanding, we need a UN agency for data protection and security.” Asked what form that “understanding” should have, he said he was looking for “clear, pragmatic, market-based regulation.” Explained Oettinger: “It’s a public-private partnership.”
Fries said such a solution was likely not to happen in the near term, given the size of the EU. “I think it is going to take several years,” he said, adding that some countries’ parliaments would likely take a stab at it.
But he warned that a joint solution would make more sense. “We don’t want Germany to have its own Internet,” Fries said. “Some countries may build their own Internets” and “balkanize” the web, he warned.
Mayer said on the issue of regulation: “I like Tim’s idea better of the beneficent marketplace.” She spoke of fellow panelist and computer specialist Tim Berners-Lee, known as the inventor of the World Wide Web.
Asked how Yahoo stores and handles client records, she said the online giant “changed the way we store and communicate data” after Snowden and also changed encryptions between data centers. And the company protects users through encryption methods, she added. Mayer said that trust and confidence of Yahoo users has rebounded since.
Mayer was also asked what happens if a government asks for a user’s data, a question that has new significance after the recent terrorist attacks in Paris, which have led some to call for increased surveillance powers of the Internet for governments. Mayer said Yahoo always assesses if such a request is reasonable. “We have a very good track record for standing up to what’s not reasonable,” she said.
Excerpt from abcnews.go.comEveryone moans about the high price of airline tickets and sometimes they're very high. Like now, when non-stops between New York and Los Angeles in July are running about $600+, whereas May flights could be had for less t...
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European Union regulators filing formal charges against Google
Excerpt from cnbc.com
Citing a source familiar with the matter, the Wall Street Journal reported that the Google decision will be discussed by EU commissioners on Wednesday. That source claimed to the news outlet that European antitrust chief Margrethe Vestager made the decision to file charges after consulting with European Commission President Jean-Claude Juncker.
The Financial Times and The New York Times also reported Tuesday that the EU would accuse the tech giant of abusing its market position, citing sources familiar with the regulators' decision.
Google faces fines of as much as $6.6 billion if the charges are proven.
Google shares traded down about 1.6 percent on Tuesday, although most of those losses came in the morning. The stock was largely unchanged in after-hours trading.
Reuters had reported earlier that Google was likely to learn more on Wednesday about how Vestager will treat complaints about its market dominance.
However, industry and EU sources suggested to Reuters that Vestager (who took over as EU competition commissioner in November and has indicated she will not be rushed into concluding the five-year-old inquiry) was unlikely to announce charges against the U.S. Internet search giant.
A European Commission spokesman declined comment on Tuesday on whether Vestager, who is due to fly to the United States on Wednesday afternoon, would make a statement after the weekly meeting of all 28 EU commissioners in the morning.
Asked about such remarks, Commission spokesman Margaritis Schinas told a routine news briefing on Tuesday: "The Commission does not always express itself on ongoing competition cases.
"If there is a time for announcements it will be announced, but there is nothing on this question today."
Google could not be reached by Reuters for comment.
Andreas Schwab, a member of the European Parliament who has pushed for the EU executive to consider even breaking up Google, told Reuters he expected the Commission to conclude its investigation and issue a statement of objections—effectively bringing charges against Google that could result in huge fines and orders to reshape its business in Europe.
—Reuters contributed to this report.