The Russian economy started stagnating in 2013, but the nation was never actually able to recover from the 2008-2009 recession, according to Stratfor Global Intelligence. The combination of the 2014 sanctions over the Ukraine and collapsing oil price…
Author: Chriss W. Street
Mileage Tax will Hurt California Middle Class, State Budget
California Democrats wants to create a mileage tax–a new tax on every mile driven in the state–despite already having the highest gas taxes in the nation. State officials say they need the tax increase, because gas tax collections to pay for roads and bridges has been shrinking. But the real culprit for lower tax revenues is that California’s middle class is being forced by high taxes to move out of state and drive less. A mileage tax increase will just increase middle class pain and generate even lower tax revenue for roads and bridges. Gasoline tax collections peaked out $2.8 billion per year in 2006, the same year former Gov. Arnold Schwarzenegger signed AB 32, known as the Global Warming Solutions Act, or “cap-and-trade.” The legislation committed the state to use taxes and fees to reduce its greenhouse gas emissions to 1990 levels by 2020. Since that time, gas tax collections
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Illegal Alien Surge From Mexico Will Hurt Teen Jobs
Teenage jobs are about to suffer as Mexico’s looming financial crisis is about to accelerate illegal immigration.
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Fraud Alert: August is the Prime Month for Debit Card Skimmer Thieves
Thieves employing debit card “skimmers” at the pump find August–peak driving season nationwide–lucrative for fraud, ripping off distracted drivers. Skimmers have been around since about 2002. Sociopathic thieves are constantly improving the sophistication and effectiveness of their devices. Some of the skimmers incorporate features that include pin-hole camera real-time monitoring key-pad input, and can even incorporate sending an SMS text message to thieves’ mobile phones whenever a new card is swiped. Skimmer devices are advertised for sale on Internet online criminal forums for about $1,500. The various devices are easily affixed on the top of the mouth of ATM and gas pump credit card readers to obtain a victim’s card numbers and the 3 or 4 digit Card Security Code. Some of the skimmers are extremely sophisticated, incorporating features such the ability to send an SMS text message to the thieves’ mobile phone whenever a new card is swiped. There are about 2.2 million ATMs
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The Genius of Roger Ailes: How Facebook/Fox GOP Debate Will Revolutionize Media Economics
The Facebook/Fox News partnership for the first GOP debate of the 2016 presidential campaign season resulted in the both the highest audience for any non-sports cable program, and most-watched cable news program in history. The artful coalescing of TV, cable and social media strengths has just revolutionized media economics.
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EPA’s Clean Power Plan Hammers Republicans, Spares Democrats
The EPA’s final Clean Power Plan, released on August 3, financially hammers coal-dependent states, compared to the Obama Administration’s 2014 draft proposal. Nine months after the loss of Kentucky Democrat Senate candidate Alison Lundergan Grimes and the retirement of West Virginia Democrat Jay Rockefeller, the EPA’s attack on coal country is all about going after Republicans.
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Blue Shield of California Must Rebate Some of Huge Obamacare Profits
Blue Shield of California violated Obamacare’s mandated requirement that their medical expenditures be a minimum of 80 percent of healthcare premiums paid. Under the law, Blue Shield will be required to rebate almost $83 million to individuals and small businesses. But by destroying small and regional competition, the supposedly not-for-profit Blue Shield, after its rebate, still made $52 million more profit under Obamacare.
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Cary Fiorina Wins Debate: Dems Prepare to Trash Her on HP
The biggest winner of the Thursday night’s debates was Carly Fiorina, who was on the under-card with the goofy kids. With polls showing she won by between 73 to 87 percent, the Democrats are preparing to attack her with “long knives” for destroying Hewlett-Packard’s “culture.”
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3D Printing Disrupts Industrial and Medical Tech
3D printing has been around for several decades, but expiring patents are driving costs down and major tech breakthroughs are driving up speed.
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Federal Reserve Blames Gov’t Aid for Driving up College Tuitions
A new study from the New York Federal Reserve faults the federal government’s policy of boosting aid to families in recent decades to make college education more affordable, because it enabled institutions to raise tuitions much faster than inflation.
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