Government Money

German and French economies stumble

Germany’s economy slowed to “near stagnation” last month, while France’s recorded its biggest contraction for four years, according to a closely watched survey. The Markit composite purchasing managers’ index (PMI), which measures both the manufacturing and services sectors, declined to 50.6 in Germany last month, from 53.3 in February. Any figure above 50 indicates growth. France’s reading fell to 41.9… Read more →

Tea Party lashes out at ‘Monsanto Protection Act’

Photo: Reuters / Brian Snyder Members of the Tea Party have joined protesters standing up against the ‘Monsanto Protection Act’, calling the provision a ‘special interest loophole’ for friends of Congress. The provision has now sparked so much outrage that both the far right and the far left are uniting in their condemnation of Section 735 of the Agricultural Appropriations Bill,… Read more →

Perry doubles down against ObamaCare’s Medicaid expansion

Photo: Wikipedia Texas Gov. Rick Perry (R) doubled down Monday in his opposition to expanding Medicaid under President Obama’s healthcare law, even though opposing it could cost his state $90 billion. At a press conference where he was flanked by other conservatives, Perry argued expanding the health insurance program for the poor would make Texas “hostage” to the federal government. “It would… Read more →

Google This: The Cult Of Cesar Chavez

Photo: Breitbart. Time and again, the left is shocked when the freedom and prosperity-hating personalities that they idolize and the statist systems that they dream up descend into chaos, madness, and violence. As shown in the Stephen K. Bannon film Occupy Unmasked, the peace and love movement of the 1960s supported the killing fields of the Khmer Rouge, while Occupy Wall… Read more →

Cyprus bailout inside info? 132 companies pull out over $900mn in deposits

(AFP Photo / Patrick Baz) One hundred and thirty-two companies reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million in the run-up to the bailout deal. The companies withdrew their savings in the two week period (between March 1 to March 15) leading up to the rescue deal that enforced heavy losses on… Read more →

Judge: Stockton, Calif., Can File for Bankruptcy

Photo: David Paul Morris | Bloomberg | Getty Images A judge accepted the California city of Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would… Read more →

California Now Has Negative Net Worth Of $127.2 Billion

Photo: Breitbart A new financial report by California State Auditor and the Bureau of State Audits shows that California is heading down the tubes, and fast—it now has a negative net worth of $127.2 billion. It’s actually worse than that; although the report counted the state’s long-term obligations at $167.9 billion, that doesn’t count unfunded liabilities for state employees’ future pensions or… Read more →

Cyprus crisis: Moscow will not bail out Russian savers

The Russian government says it will not compensate Russian savers who have lost money in the Cyprus banking crisis. Russians are believed to have billions of euros in Cypriot accounts and deposits above 100,000 euros (£84,300; $128,200) in the two biggest banks could be reduced by as much as 60%. Such losses would be “a great shame”, First Deputy PM… Read more →

Planned Parenthood Official Argues for Right to Post-Birth Abortion

Florida legislators considering a bill to require abortionists to provide medical care to an infant who survives an abortion were shocked during a committee hearing this week when a Planned Parenthood official endorsed a right to post-birth abortion. Alisa LaPolt Snow, the lobbyist representing the Florida Alliance of Planned Parenthood Affiliates, testified that her organization believes the decision to kill an infant… Read more →