Sunday, November 18, 2012

The Sunday 'Report;' 11/18/2012 [Part 2]

What The National Pamphleteers Don't Report:
6,125 Proposed Regulations and Notifications Posted in Last 90 Days
by Penny Starr,
November 9, 2012
    It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its website.
In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day.
    The website allows visitors to find and comment on proposed regulations and related documents published by the U.S. federal government. "Help improve Federal regulations by submitting your comments," the website says.
The thousands of entries run the gamut from meeting notifications to fee schedules to actual rules and proposed rule changes.
    In recent days, for example, the EPA posted a [....]

Algore Made Millions While Saving The World
by Jon Rappoport,
Personal Liberty Digest
November 13, 2012
This is a lesson on how the major media can slant facts and give them new meaning. Let’s start with the explosive facts, as revealed in a Washington Post story.
In 2001, Al Gore was worth less than $2 million. Now, in 2012, it’s estimated he’s locked up a nice neat $100 million.
How did he do it? Well, he invested in 14 green companies, who inhaled — via loans, grants and tax relief — somewhere in the neighborhood of $2.5 billion from the Federal government to go greener.
Therefore, Gore’s investments paid [....]

Nice Losers
by Dr Thomas Sowell,
November 12, 2012
Mitt Romney now joins the long list of the kinds of presidential candidates favored by the Republican establishment— nice, moderate losers, people with no coherently articulated vision, despite how many ad hoc talking points they may have.
The list of Republican presidential candidates like this goes back at least as far as 1948, when Thomas E. Dewey ran against President Harry Truman. Dewey spoke in lofty generalities while Truman spoke in hard-hitting specifics. Since then, there have been many re-runs of this same scenario, featuring losing Republican presidential candidates John McCain, Bob Dole, Gerald Ford and, when he ran for reelection, George H.W. Bush.
Bush 41 first succeeded when he ran for election as if he were another Ronald Reagan ("Read my lips, no new taxes"), but then lost when he ran for reelection as himself— "kinder and gentler," disdainful of "the vision thing" and looking at his watch during a debate, when he should have been counter-attacking against the foolish things being said.
This year, Barack Obama had the hard-hitting specifics— such as ending "tax cuts for the rich" who should pay "their fair share," government "investing" in "the industries of the future" and the like. He had a coherent vision, however warped.
Most of Obama's arguments were rotten, if you bothered to put them under scrutiny. But someone once said that it is amazing how long the rotten can hold together, if you don't handle it roughly.
Any number of conservative commentators, both in the print media and on talk radio, examined and exposed the fraudulence of Obama's "tax cuts for the rich" argument. But did you ever hear Mitt Romney bother to explain the specifics which exposed the flaws in Obama's argument?
On election night, the rotten held together [....]

The "Essential" Role Of Tax Havens
by Daniel J. Mitchell,
November 13, 2012
Since one of my main priorities is to defend tax competition and tax havens, I’m always delighted to see others jump in the fight to defend fiscal sovereignty.
Especially when those people clearly understand that so-called tax havens are necessary to restrain the compulsive tendency of “onshore” politicians to over-tax and over-spend.
Pierre Bessard of Switzerland and Allister Heath of the United Kingdom are among the world’s best analysts on global tax issues. But Philip Booth of the UK’s Institute for Economic Affairs can be added to the list. Here are some key excerpts from his new Business Insider column. [....]

Employer Fires 22 Workers In Wake Of obama Election
by Bob Livingston,
Personal Liberty Digest
November 12, 2012
In October, David Siegel, owner of Westgate Resorts, emailed his employees to tell them that if President Barack Obama is re-elected and raises taxes, Siegel will have to lay off workers, downsize his company and possibly even shut down.
Now a Las Vegas employer called “David” has fired 22 of his 114 employees as a result of Obama’s election. Westgate has properties in Arizona, Florida, Mississippi, South Carolina, Tennessee, Utah, Virginia and Nevada (two) and employs 7,000 people. In 2007, it employed [....]

If You Want Good Tax Policy, Choose Jersey- but not New Jersey!
by Daniel J. Mitchell,
November 11, 2012
I’m in Jersey, where I gave a speech last night.
But not New Jersey, the state where you shouldn’t die. That’s the state that many people have been fleeing because they don’t like paying confiscatory taxes to finance bureaucrats who make as much as $320,000 per year.
Instead, I’m in the Bailiwick of Jersey, which is a UK dependent territory off the coast of France. Jersey is a so-called tax haven, which I applaud because it helps encourage better tax policy in less enlightened parts of the globe.
Because I’m such a cultured and sophisticated guy, today I used some of my free time to visit the Jersey Museum. I now know lots of useless trivia about how a tiny [....]

Dividends: U.S. Deeper in Recessionary Territory
Political Calculations report,
November 11, 2012
As promised, we're updating our chart showing the number of publicly-traded companies that have acted to decrease their dividends through the end of October 2012 - providing what might perhaps be the simplest and best near-real time picture of the state of the health of the U.S. economy (our thanks to S&P for the updated data - that was quick service!).
In October 2012, S&P recorded that some 2,471 publicly-traded companies making declarations regarding their dividends, with 165 announcing dividend increases and 26 announcing they would cut their dividends.
To put that level of dividend cuts for the month of October 2012 into context, we calculated the [....]

Did the obama "Genuises" Steal the Data?
by Gina Loudon,
November 9, 2012
There was an interesting article out of Time Magazine ( in which they interviewed the tech geniuses behind the Obama victory. Like so much of the exposure of anything pertaining to the President, this piece only raises more questions than the answers it purports to deliver.
For one, if you were in fact the man who successfully elected and then re-elected the leader of the Free World, why would you preferred to remain anonymous?
The narrative of both elections is that [....]
Middle Schoolers Subjected To Graphic Gay Indoctrination
by B. Christopher Agee,
November 10, 2012
    Shortly before Maine became one of the first states to approve gay marriage at the ballot box,a school district in the state was ahead of the curve with a presentation of graphic gay sex acts.  Promoted as part of the school’s “Diversity Day”,25 students in a middle school class were subjected to the filth by a group called Proud Rainbow Youth of Southern Maine. The reprehensible display included advising students about safe homosexual sex acts and suggesting the use of saran wrap during oral sex if a dental dam is not available.
    The mother of one 13-year-old upset by the presentation told the [....]
NBC, Liberal Director to Bring George Washington to Small Screen
by Breitbart News,
November 15, 2012
    Hollywood resisted the urge to politicize Abraham Lincoln in the new Steven Spielberg drama "Lincoln," the political drama opening wide tomorrow.  Will the industry show the same restraint regarding the man regarded as the father of this country?
    NBC is prepping a new political drama tentatively tited "George Washington."  The series will be co-produced by Barry evinson, the liberal director behind "Poliwood" and the new eco-thriller "The Bay." Levinson will [...]

Lebanon: Lessons From Two Assassinations
by Scott Stewart,
November 15, 2012
    On Oct. 19, Lebanese Brig. Gen. Wissam al-Hassan was assassinated on a narrow side street near Sassine Square in downtown Beirut. The attack involved the detonation of a moderately sized vehicle-borne improvised explosive device as al-Hassan's car passed by the vehicle in which the device was hidden. The explosion killed not only al-Hassan and his driver but also six other people and wounded about 90 more.
    Al-Hassan, the intelligence chief for Lebanon's Internal Security Forces, had been a marked man for some time prior to his death. He was the security chief for former Lebanese Prime Minister Rafik al-Hariri, who was assassinated in February 2005 in an attack that most believe was conducted by the Syrian regime and its allies in Lebanon.
    But more recently, as Stratfor noted in February 2012, al-Hassan played a critical role channeling support from the Gulf states and the West to the Syrian rebels through Lebanon. This involved smuggling arms from [....]
Lebanon: Lessons from Two Assassinations | Stratfor

3 Reasons Not To Flee Dividend Stocks
by Russ Koesterich,
November 14, 2012
[Blogger Note: This article is not to be construed as financial advice or investment recommendations by either the author or myself]
    The election night parties were barely over last week before investors started selling stocks. While renewed uncertainty over Europe did not help, the source of the volatility was closer to home: The fiscal cliff. Washington now has seven weeks to reach a compromise — a failure to do so will mean the largest fiscal drag in the post-World War II period and a possible recession.
    Many investors are particularly worried that dividend stocks are vulnerable given the potential for a near tripling of the tax on dividends. As I’ve said in previous blogs, I believe volatility will remain elevated and stocks will stay under pressure until the president and Congress produce a credible road map to a compromise. That said, I don’t believe dividend stocks — with one exception — are any more vulnerable than the broader market. Here’s why: [....]

Part 3 MIGHT follow....



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