Thursday, February 2, 2012

Rick Santelli's Chicago Tea Party

Rick Santelli's Chicago Tea Party

Workers to pay 30% more in taxes

Posted: 01 Feb 2012 11:07 AM PST

By GERRY SHIELDS, NYPost.com

WASHINGTON — Ouch!

A new budget report released yesterday projects that federal taxes will shoot up 30 percent over the next two years due to a rise in personal income and the scheduled expiration of federal tax breaks.

The $800 billion hit to taxpayers would come partly through the elimination of tax breaks such as the Bush-era tax cuts in 2001 and 2003, according to the Congressional Budget Office.

With the nonpartisan CBO predicting a rise in worker salaries due largely to inflation, it projected that more wage earners would be pushed into higher tax brackets — funneling even more cash to Washington.

The CBO also projected that over the next 10 years, Americans will see a rise in government fees and penalties, all of which will contribute to keeping the economy sluggish over the next two years.

"That pace of growth partly reflects the dampening effect on economic activity from the higher tax rates and curbs on spending scheduled to occur this year and especially next," the report said.

To read more, visit:  http://www.nypost.com/p/news/national/workers_to_pay_more_in_taxes_STOWf6oePda8nZrluqZURK

Stocks Gain as Dollar, Treasuries Fall on Manufacturing Recovery Outlook

Posted: 01 Feb 2012 11:03 AM PST

By Michael Shanahan and Rita Nazareth, Bloomberg.com

Stocks (SXXP) rose, erasing a four-day drop in U.S. benchmark indexes, while the dollar and Treasuries fell on signs global manufacturing is strengthening. Silver and aluminum led commodity gains, while natural gas slid.

The Standard & Poor's 500 Index added 1.2 percent to 1,328.38 at 12:58 p.m. in New York and the Dow Jones Industrial Average climbed 134.49 points to 12,767.40, above its highest close since May. The Stoxx Europe 600 Index jumped 2 percent to a six-month high. Ten-year Treasury yields increased five basis points to 1.85 percent, while the Dollar Index fell 0.6 percent, amid diminished demand for safer assets. The euro rallied 0.8 percent to $1.3186, nearing its highest level of 2012.

U.S. manufacturing grew at the fastest pace since June, according to data from the Institute for Supply Management, while a government report showed construction spending increased more than forecast. The U.K.'s factory measure unexpectedly rose to an eight-month high and reports showed manufacturing in Europe, China and India increased in January.

"The news on the economy is better," David Sowerby, a Bloomfield Hills, Michigan-based portfolio manager at Loomis Sayles & Co., which oversees $150 billion, said in a telephone interview. "The uncertainty in Europe has diminished. While corporate profits have been less robust, they are still growing. Stock valuations had reflected a potential profit recession, which is not going to happen. That's what's moving stock prices higher."

Rebound After Slump

The S&P 500 rebounded after its longest losing streak since November and the Dow Jones Industrial Average snapped its first four-day slump since August. The S&P 500 started the session trading for about 13.7 times its companies earnings and has been stuck below its five-decade average multiple of 16.4 since May 2010, the longest stretch since a 13-year period beginning in 1973.

Profits have topped estimates at about two-thirds of the 209 companies in the S&P 500 that released results since Jan. 9, data compiled by Bloomberg show. Earnings-per-share have risen 2.3 percent for the group amid 6.5 percent growth in sales.

To read more, visit:  http://www.bloomberg.com/news/2012-02-01/stocks-advance-in-europe-before-u-s-manufacturing-report-bunds-decline.html

How the Public Schools Keep Your Child a Prisoner of the State

Posted: 01 Feb 2012 11:00 AM PST

By: Karen De Coster, LewRockwell.com

Public education, in its current state, is based on the idea that government is the “parent” best equipped to provide children with the values and wisdom required to grow into intelligent, functional adults. To echo what former first lady Hillary Clinton professed, these public school champions believe “it takes a village” to cultivate a society of competent human beings.

As Hebrew University historian Martin van Crevald points out in his book, The Rise and Decline of the State, nineteenth-century state worshippers who wanted to impose a love of big government ideals upon the youth popularized the archetype for state-directed education. Additionally, there was an overall appetite for discipline of the “unruly” masses that reinforced the campaign to take education out of the hands of individuals. After all, the self-educated masses might resist government decrees, and this kind of disarray would be undesirable in the move toward building a powerful, controlling state apparatus. Prussia’s Frederick William I and France’s Napoleon discerned this, as did a legion of other despotic rulers throughout the 18th and 19th centuries. In a recent article published on the American Daily Herald “Dumberer and Dumberest,” Glenn Horowitz writes:

If you’re not familiar with it, the Prussian system was a teaching methodology designed to stamp out good little worker bees assembly-line fashion, trained to be complacent with their station in life and compliant with every demand of the State. An elite of those better educated but still proven unquestioningly loyal to the State were promoted to lead the proletariat, rewarded with elevated status and material success commensurate with their skills and the zeal they demonstrate in supporting the system. It specifically avoided developing creativity and independent thought, reasoning these were skills the worker classes didn’t need in their roles as mass produced labor.

Modern education is built upon a foundation set forth by tyrants. What is most disquieting about the public education mindset is that those who believe most strongly in it are convinced that there are no other suitable alternatives to the compulsory schooling provided via the public domain. The egalitarian core belief of these public education proponents is that society is responsible for obtaining, maintaining, and paying for the process of equally developing young minds.

Since the laws of the modern state that control the educational system lean heavily toward equality, federal compulsory schooling is necessarily a bias against the best and brightest of America's children. Federalized education sustains the philosophy that schools have the obligation to treat all students as pure equals – equal in intelligence, work ethic, performance, and desire.

Such nonsense is refuted by H. George Resch in his article “Equality vs. Equity” on the Separation of School and State website. Mr. Resch contends that compulsory, government-controlled education is trying to achieve ends that are not possible due to the fact that general equality is not only impossible to define, but that biological, environmental, and cultural differences among us are so vast that a compulsory, standardized public education poses difficulties that cannot be overcome, and certainly not by a government-run school system.

To read more, visit:  http://lewrockwell.com/decoster/decoster191.html

Google to Censor Blogger Blogs on a ‘Per Country Basis’

Posted: 01 Feb 2012 10:57 AM PST

By David Kravets, Wired.com

Google has quietly announced changes to its Blogger free-blogging platform that will enable the blocking of content only in countries where censorship is required.

Twitter announced technology last week addressing the same topic. It said it had acquired the ability to censor tweets in the countries only where it was ordered removed, instead of on an internet-wide basis.

Twitter's announcement via its blog sparked a huge online backlash. The microblogging service was accused of becoming a censoring agent.

Yet Google's announcement three weeks ago — buried in a Blogger help page — went unnoticed until it was highlighted by TechDows on Tuesday.

Google wrote Jan. 9 it would begin redirecting Blogger traffic to country-specific URLs, meaning whatever country you're in, you'll get that country's domain for Blogger-hosted blogs.

TechDows reports that this is now happening in India, for example. So when you're there and click on a Blogger blog, the URL will end in.

To read more, visit:  http://www.wired.com/threatlevel/2012/01/google-censoring-blogger/

Bill Gates funds technology to destroy your sperm

Posted: 01 Feb 2012 10:54 AM PST

By: Ethan A. Huff, NaturalNews.com

Mass vaccination is apparently not the only depopulation strategy being employed by the Bill & Melinda Gates Foundation, as new research funded by the organization has developed a way to deliberately destroy sperm using ultrasound technology. BBC News reports that the Gates Foundation awarded a grant to researchers from the University of North Carolina (UNC) to develop this new method of contraception.

For their study, the UNC team tested ultrasound on lab rats and found that two 15-minute doses “significantly reduced” both sperm counts and sperm integrity. When administered two days apart through warm salt water, ultrasound caused the rats’ sperm counts to drop below ten million sperm per milliliter, which is five million less than the “sub-fertile” range, and stay that way for up to six months.

The report claims the technology is for contraceptive purposes only and not for causing sterility. However, Dr. James Tsuruta, who led the research, told reporters that it is unclear whether or not the technology can cause long-term damage, and that more research is needed to determine whether or not repeated ultrasounds cause permanent damage.

The Gates Foundation awarded 78 different research projects with $100,000 grants each as part of its “Grand Challenges in Global Health Program.” Ten of these projects specifically addressed new technologies for contraception, according to TIME, including one for a pill that inhibits the growth and maturation of sperm, and another for creating chemical compounds that prevent sperm from reaching the egg (http://healthland.time.com/2010/05/14/male-birth-control-stopping-sperm-with-ultrasound/).

“We think this could provide men with up to six months of reliable, low-cost, non-hormonal contraception from a single round of treatment,” wrote the researchers in their report. “Our long-term goal is to use ultrasound … as an inexpensive, long-term, reversible male contraceptive suitable for use in developing to first world countries.”

Back in 2010, Bill Gates explained to attendees at the TED Conference that year his ideas for culling the world population, one of which involved increasing vaccination rates (http://www.naturalnews.com/029911_vaccines_Bill_Gates.html). Now, his organization is actively funding research into advanced contraceptive methods that could render individuals infertile. Coincidence?

To read more, visit:  http://www.naturalnews.com/034834_Bill_Gates_sperm_infertility.html

Ron Paul ready for caucus states

Posted: 01 Feb 2012 10:51 AM PST

By JAMES HOHMANN, Politico.com

LAS VEGAS, Nev. — Ron Paul has known for more than a week that he would finish fourth in Florida.

So instead, he skipped the Sunshine State and campaigned in states like Maine, Colorado and Nevada.

"We've been having a fantastic trip," Paul said to cheering fans in Henderson Tuesday night, adding that he had called Mitt Romney to congratulate him on his big Florida win. To Romney, Paul said: "I would see him in the caucus states."

While the media spotlight has been on Florida, Paul has been waging a quieter, parallel campaign in the caucus states with contests coming up in February. Unlike Florida — which awards its 50 delegates through a winner-take-all process — many of these states distribute delegates proportionally, allowing second and third place winners to nab some of them.

The result is that the Texas congressman could end up winning more delegates over the next few weeks than anyone except Romney.

"We're in third place when it comes to delegates and that's what really counts and we're only getting started," Paul said Tuesday. "We will be spending time in the caucus states."

To read more, visit:  http://www.politico.com/news/stories/0112/72270.html

Romney’s Florida Victory Unsweet for Tea Party

Posted: 01 Feb 2012 10:48 AM PST

By: KENRIC WARD, SunshineStateNews.com

The “Massachusetts moderate” won big. Let the Florida tea party recriminations begin.

Mitt Romney ran away with the Florida presidential primary. Newt Gingrich, despite an endorsement from a late-blooming tea party coalition, finished 14 points behind.

Romney’s winner-take-all victory only netted him 50 convention delegates because the state’s allotment was halved as punishment for jumping the primary schedule. But Gingrich’s defeat was a serious blow to tea party activists in search of the “anti-Romney.”

It also called into question the clout and cohesiveness of the tea party movement itself. And that could spell trouble for the GOP’s chances this fall.

“We’ve boxed ourselves into a corner. We don’t have the majority or the strength or the depth to take on presidential politics,” said Henry Kelley, president of the Fort Walton Beach Tea Party.

“The Tea Party Coalition for Newt was damaging to the reputation of the tea party. We shouldn’t be in the endorsement business,” said Kelley, who declined to say for whom he voted on Tuesday.

To read more, visit:  http://www.sunshinestatenews.com/story/romneys-florida-victory-unsweet-tea-party
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