From THE WALL STREET JOURNAL: Falling Deficit Alters Debate Improving Federal Finances Lessen Pressure on Democrats, Republicans to Negotiate By Damian Paletta Rising government revenue from tax collections and bailout paybacks are shrinking the federal deficit faster than expected, delaying the point when the government will reach the so-called debt ceiling and altering the budget [...]
First came the report from ADP, with a hat tip to Patterico: ADP reports 119K private job gains in April By Paul Davidson, USA TODAY3:13 p.m. EDT May 1, 2013 Businesses added 119,000 jobs in March, payroll processor ADP said Wednesday, below economists’ expectations. Job growth picked up from the prior month but remained mired [...]
At THE FIRST STREET JOURNAL, we paid some attention to the demise of Hostess Brands. Now comes this, from Sister Toldjah: New maker of Twinkies: Non-union workers will be used to restart plants Posted by: ST on April 24, 2013 at 7:03 pm Let the OUTRAGE!!!!!!! begin: The company that bought the Twinkie, HoHo and [...]
From THE WALL STREET JOURNAL: Health Insurers Warn on Premiums By Anna Wilde Mathews and Louise Radnofsky Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation’s biggest firm projecting that rates could more than double for [...]
Economics 101: If you increase costs for some businesses and not others, you will create a competitive burden
Not that our friends on the left actually understand — or care about — economics. From The Pirate’s Cove: Surprise: Aussie Carbon Tax Contributes To Business Insolvencies By William Teach March 20, 2013 – 8:37 am One would think that Australia’s politicians would have gotten the hint that their “carbon tax” and cap and trade [...]
Obama Voters: Your hero is destroying YOUR economy, too! An Order From Obama Puts Another Boot On The Economy news.investors.com/ibd-editorials… — GretchenInOK (@GretchenInOK) March 15, 2013 I retweeted, and followed Gretchen’s link: An Order From Obama Puts Another Boot On The Economy Posted 06:42 PM ET Anti-Industry: The president reportedly will tell federal agencies they [...]
Via Karen, the Lonely Conservative: Five Guys: Obamacare will boost burger prices March 11, 2013 | 4:22 pm The fight over Obamacare, so far held at the 30,000-foot level, is about to hit home. The latest impact hot off the grill: prices of burgers and hot dogs at Five Guys, the national chain that started [...]
From CNBC: Subway ‘Wouldn’t Exist’ If Started Today Due to Regulations: Founder Deluca Published: Wednesday, 27 Feb 2013 | 11:53 AM ET By: Paul ToscanoProducer, CNBC.com Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. “If [...]
Economics 101: When you have less money to spend, you will spend less money.
Unless, of course, you are the federal government.
It should be remembered: the Editor of THE FIRST STREET JOURNAL wholly supported the end of the Social Security tax “holiday.” From THE WALL STREET JOURNAL: Payroll Tax Whacks Spending Firms Adjust as Resumption of Levy, Expensive Gas, Stagnant Wages Bite Consumers By Shelly Banjo, Annie Gasparro and Julie Jargon Wal-Mart Stores Inc. WMT +1.49% on [...]
From The New York Times: Hollande Visits Greece to Show Support for Recovery Efforts By NIKI KITSANTONIS Published: February 19, 2013 ATHENS — During a quick visit to the Greek capital on Tuesday, President François Hollande of France expressed support for Greece’s efforts to revive its economy and called on French companies to invest in [...]