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Sales of Latest “Call of Duty” Installment Pass $1 Billion
Just 16 days after its November 8th release, Call of Duty: Modern Warfare 3 passed the $1 billion in sales mark, Activision Blizzard has announced. The latest release, which is the eighth installment in the franchise, surpassed the billion-dollar mark faster than its predecessor, Call of Duty: Black Ops, which didn’t reach the threshold until [...]
It Gets Worse: S&P Downgrades Belgium
25. November 2011
Standard & Poor’s has downgraded Belgium’s long-term sovereign credit rating from AA-plus to AA over concerns about the country’s debt load, inability to form a new government, and difficulties in the country’s financial sector. Belgium is a member of Eurozone and, as such, is tied to the Euro and its 16 other users. In making [...]
Even Detroit Laying Off Government Employees Now
18. November 2011
Government might just be too big when even left-wing bases like Detroit are measuring government employee terminations by the hundreds. “Detroit Mayor Dave Bing, who outlined an emergency plan two days ago, isn’t wasting any time taking action” in tackling his city’s financial crisis, our colleague Micki Maynard at the Changing Gears project reports. “Today, [...]
Obamanomics: Percentage of Poverty-Stricken Americans Hits 16%
7. November 2011
Sixteen percent of the American populace, or the equivalent of 49.1 million Americans, now live under the poverty line. That’s a figure even worse than the bad numbers previously projected. The numbers released Monday are a new supplemental poverty measure aimed at providing a fuller picture of poverty of America. They are higher than the [...]
Fewer Jobs Created in October Than Analysts Expected
4. November 2011
The U.S. economy added just 80,000 jobs during the month of October — fewer than analysts had expected. The unemployment rate went from 9.1% to 9.0% during the month, continuing a trend of small fluctuations but overall stagnation. Considering how few jobs were actually created, the drop in unemployment is likely due to workers giving [...]
Energy Department Admits: Stimulus Was Ill-Conceived, Had Unrealistic Expectations
2. November 2011
In testimony before the House Oversight and Government Reform committee this morning, the Energy Department’s inspector general admitted Obama’s $820 billion “stimulus” package was ill-conceived and had unrealistic expectations. The Hill reports: The Obama administration’s goal of stimulating the economy with “shovel-ready” energy projects was unrealistic, the Energy Department’s internal watchdog said Wednesday. In testimony [...]
Obamanomics: 26 Million Americans Now Unemployed or Underemployed
20. October 2011
A record number of Americans — 26 million to be precise — are now either unemployed or underemployed. That despite more than a trillion in debt racked-up to supposedly create jobs and stimulate the economy. In fact, since January 2009 alone we’ve seen $4 trillion added to the national debt. This is the end result: [...]
Misery Index Hits Highest Level in 28 Years
20. October 2011
The last time it was this high was in 1983, which you’ll remember as the year before Ronald Reagan was reelected in a landslide. The big difference, however, is that the Misery Index was even higher before 1983. It came down between 1980 and 1984, which is why Reagan in his convention address touted his [...]
Hoover Institution Senior Fellow Awarded Nobel Prize in Economics
10. October 2011
Thomas Sargent, senior fellow at the Hoover Institution and a leader in the field of macroeconomics, has been co-awarded the 2011 Nobel Prize in Economic Sciences. Stanford—Hoover economist Thomas Sargent, a leader in the field of macroeconomics and the rational expectations revolution, was named cowinner of the Nobel Memorial Prize in Economic Sciences today. Sargent, [...]
EPA: Hey, How About $21 Billion to Fund 230,000 New Bureaucrats?
26. September 2011
Hey, how about “no”. The Environmental Protection Agency has said new greenhouse gas regulations, as proposed, may be “absurd” in application and “impossible to administer” by its self-imposed 2016 deadline. But the agency is still asking for taxpayers to shoulder the burden of up to 230,000 new bureaucrats — at a cost of $21 billion [...]
12. December 2011
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