Google cuts fee to break Nexus One contract - USATODAY.com
WASHINGTON — Google has lowered by $200 the fee it charges customers who break a standard two-year contract for its new Nexus One phone on the T-Mobilenetwork.
The Google fee was dropped to $150 from $350, but customers who break a contract on the phone will still […]

posted by Bill Quick to Economy, Technology | 1 comment, no incoming links

Jobs bill: A chance for bipartisanship or election strategy? - CNN.com
Washington (CNN) — As Senate Democrats look to pass a jobs bill before Presidents Day, experts say the debate is an opportunity to see if calls for bipartisanship will be answered.
Understand that in CNN’s world, “bipartisanship” has only one meaning - that Republicans should supinely […]

posted by Bill Quick to Economy, Dumbasses, Government, Corruption, Propaganda, Obama, Junk Journalism, Obama Agenda, Lies and Liars, Obama Fail | No comments, no incoming links

Fears of ‘Lehman-style’ tsunami as crisis hits Spain and Portugal - Telegraph
The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words.
Yes, it’s classic Pritchard gloom and doom - but convincing gloom […]

posted by Bill Quick to Economy | 2 comments, no incoming links

Bailout cop: TARP’s not working
In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures — two key aims of the sprawling program.
Unforseeable!

posted by SteveF to Economy, Bailouts | 1 comment, no incoming links

Economy soars 5.7 percent in Q4, fastest in 6 years - Yahoo! Finance
WASHINGTON (Reuters) - The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest pace in more than six years, as businesses reduced inventories less aggressively, the Commerce Department said on Friday.
The first estimate put fourth-quarter gross domestic product […]

posted by Bill Quick to Economy | 4 comments, no incoming links

ObamaNomics: An Endless Downward Spiral
The drop in individual income tax revenue in fiscal 2009 was the steepest since 1939. As the chart shows revenue continues to plummet in fiscal 2010.
I was vaguely aware of all of that, but it’s depressing to see it all in one place.

posted by SteveF to Recession, Obama Agenda | 2 comments, no incoming links

Most California Voters Don’t See Higher Taxes As A Budget Solution - Rasmussen Reports™
Only when given the option of eliminating the state’s main welfare program and cutting back on health care services for the disabled and the elderly do a slight majority (52%) favor raising taxes instead.
Of course, any sort of cut to anything […]

posted by Bill Quick to Economy, Dumbasses, Leftists | 6 comments, no incoming links

Instapundit » Blog Archive » CHANGE: December home sales down nearly 17 percent: Home sales plunge nearly 17 percent in Decembe…
CHANGE: December home sales down nearly 17 percent: Home sales plunge nearly 17 percent in December after tax credit deadline extended. “Sales of previously occupied homes took the largest monthly drop in more than 40 […]

posted by Bill Quick to Economy, Dumbasses, Leftists | 10 comments, no incoming links

Kinda sick fun - watching Valerie Jarrett on Meet The (De)Press(ed) trying to explicate how The Obamanation & Co. “…turned the economy around…” in the last twelve months!
Nice “deer-in-the-headlights” empty-headed look she had on her pan at several junctures, especially when she was vainly striving to explain just what The Won intended to actually do […]

posted by J.S. Bridges to Recession, Dumbasses, Politics, Government, Propaganda, Democrats, Socialism, Americana, Assholes, Bullshit, Horseshit, Obama Agenda, Incompetence, Lies and Liars, Whackjobs and Lunatics | 1 comment, no incoming links

Homeowner’s behavior a mortgage factor
A mortgage borrower’s personal traits and behaviors, not just income or credit scores, affect the ability to repay the mortgage, U.S. researchers suggest.
Well, duh.
But I’m sure that a brief look at the numbers will show disparate results when grouped by race, sex, national original, or other factors. The perpetually aggrieved will […]

posted by SteveF to Housing, Culture, Real Estate, Nanny State, Free Market | 1 comment, no incoming links

POLL: Majority Of Californians Believe State Is Worse After Schwarzenegger - News Story - KTVU San Francisco
SACRAMENTO — A new Field Poll suggests a bleak view of California politicians.
The poll, released Sunday, finds that 59 percent of California voters believe when Gov. Arnold Schwarzenegger leaves office, the state will be in worse shape than when […]

posted by Bill Quick to Economy, Dumbasses, Leftists | 1 comment, no incoming links

May not necessarily be an oncoming train. It is often repeated here that if the government would just stay out of our lives we would be alright.
It is here—at the grassroots level—that you can best glimpse the essential sources of American resiliency. American society draws most of its adaptive power not from its elite precincts […]

posted by drach to Economy, Culture, Free Market, Capitalism | No comments, no incoming links

Demographic Destiny and the Long Term Market Picture - Planet Yelnick
My long term view is that after the deflationary depression of the next 5-7 years (to 2014 at least), we will have a rip-roarin’ bull market, driven in part by a new family of technologies, including mobile Internet, cloud computing, bio-engineering, and my favorite, nano-manufacturing […]

posted by Bill Quick to Economy | 8 comments, no incoming links

What does it mean for the rest of the globe if Japan actually does go Weimar Republic on us?

posted by Bill Quick to Economy | 6 comments, no incoming links

Click the pic to learn why this is not good news at all - for either Japan or the US. Although it’s much worse for Japan - we still have a chance to dodge disaster, but not if Obama and the Dems stay in power for seven more years.

posted by Bill Quick to Economy, Inflation, Deflation | 12 comments, no incoming links

Instapundit
. This means that someone other than consumers pays roughly 88 percent of all healthcare costs, giving consumers little incentive to mind costs and much incentive to over-consume.”
Actually, this isn’t true. Just as consumers end up paying “business taxes,” they also end up paying health care costs - in decreased salaries, higher taxes and […]

posted by Bill Quick to Economy | 5 comments, no incoming links

At least, that’s what the headline should be on this, I think: Federal Reserve earned $45 billion in 2009 - Unconventional efforts to prop up economy created windfall for government… (From the often depressingly-cheerful Washington Post, of course)
The only slight glimmer of good news involved:
The Fed will return about $45 billion to the U.S. Treasury […]

posted by J.S. Bridges to Economy, Government, Corruption, Finance, Assholes, Bullshit, Nanny State, Tyranny | 2 comments, no incoming links

Employers unexpectedly cut jobs in December - Yahoo! Finance
WASHINGTON (Reuters) - U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market’s recovery and keeping pressure on President Barack Obama.
Uh….unexpectedly?

posted by Bill Quick to Economy, Obama, Obama Agenda | 2 comments, no incoming links

Hit & Run : Reason Magazine
Horwitz has swiftly adjusted his calculations accordingly, and now only about half the items show a real fall in prices in hourly wage terms, and only 20 of the 46 items have fallen by double digit percentages. That’s still good news, methinks, if slightly less spectacularly good news.
A little shot […]

posted by Bill Quick to Economy | No comments, no incoming links

Stick It to the Bankers!
‘Withdrawal Tax’: How to Stick It to the Big Banks That Got Bailed Out, and Make Money While You’re at It. Pass It On!
Despite the fact that this comes from Huff-n-Po, it does sound like fun. And as the Classic Liberal’s cite puts it, it’s delightfully mean-spirited. We like […]

posted by Bill Quick to Economy, Obama, Obama Agenda | 1 comment, no incoming links

The dangers of economic pessimism. - By Daniel Gross - Slate Magazine
My bold prediction for 2010 is that the consensus of the forecasters surveyed by the Philadelphia Federal Reserve, which projects the economy will grow only 2.4 percent in 2010, is too pessimistic, perhaps by half.
My goodness. What would lead this Slate “expert” […]

posted by Bill Quick to Housing, Propaganda, Education, Bullshit, Horseshit, Junk Journalism | 1 comment, no incoming links

My Way News - Oil rises above $79 a barrel in Asia
KUALA LUMPUR, Malaysia (AP) - Oil prices rose above $79 a barrel Wednesday in Asia despite a surprise rise in weekly U.S. crude inventories ahead of the release of government data.
Maybe this has something to do with it:
Tanker Glut! | The Big Picture
“A 26-mile-long […]

posted by Bill Quick to Economy | 2 comments, no incoming links

The Stimulus Has Stalled - Planet Yelnick
When even that great Keynesian pumper Paul Krugman concedes defeat, you know something fundamental has changed - and that is a belief in continued Keynesian stimulus. He used to preach a multiplier effect, which I have dissected in earlier posts, but no more; and without it, we would have […]

posted by Bill Quick to Economy | 5 comments, no incoming links

US growth rate revised downwards
The US economy grew by less than originally estimated between July and September, official figures show.
The latest estimate said the economy grew at an annual pace of 2.2%, down from the previous estimate of 2.8%. The first reading had shown growth of 3.5%.
3.5% to 2.2%, big drop and little […]

posted by genes to Economy, General | 3 comments, no incoming links

FT.com / US / Politics & Foreign policy - US House passes financial reform bill
“One of the responsibilities of the consumer agency will be to issue rules to prevent the kind of abusive mortgages that had such a contributing role in our crisis,” said Barney Frank, the Democratic chairman of the House financial services committee, […]

posted by Bill Quick to Economy, Housing, Markets, Statists, Obama, Socialism, Obama Agenda, Pelosi | No comments, no incoming links