(CNBC) U.S. Bankruptcy Ct Judge Christopher Klein, accepted the City of Stockton, California bankruptcy application making it the most populous U.S. city to declare bankruptcy.
On the 17 August, 2012 I wrote here that Moody’s Investors Services expects more municipal bankruptcies and defaults in California.
Image: Thomas P. Hogan
ObamaCare April Fools –Image: Overturn ObamaCare
(CNS News) President Obama who has increased the national debt by $50,521.00 per household during his first term, has declared April National Financial Capability Month during which his administration will do things such as teach young people–to do as I say not as I do, “how to budget responsibility.”
Riiight…
(AP) The U.S. economy grew at an anemic annually rate of .04% during the last quarter of 2012 well below average based on historical standards and the weakest quarterly performance in almost two years.
In related economic news jobless claims rose more than forecast last week–first time jobless claims increased 16,000 to 357,000 the highest level in more than a month.
On the 10 January, I wrote here that the economy must add between 100,000 to 125,000 jobs per month just to keep up with normal population growth.
Obama: No White House Tours For You –Cartoon: Frugal Cafe
(Breitbart) The recent cancelling of White House tours as a consequence of the 2.4% cut in the increase of future spending–otherwise known as Sequester, is said to be saving taxpayers an estimated $18,000 a week or $936,000 a year.
Putting that figure into perspective, the Fed’s have spent wasted $1,188,382.00 on puppets and puppetry related expenses–more than enough to fund an entire year’s worth of White House Tours.
Taxpayers have likewise funded according to CNS News a $876,752 study in 2011 continuing to 2015 by the University of Iowa, to study whether there is any benefit to sex among New Zealand Mud Snails and whether that explains why any organism has sex.
On Tuesday, I wrote here that the Obama daughters are currently vacationing in the Bahamas for Spring Break, how much is that trip costing the taxpayers?
H/T: Weasel Zippers
(Washington Guardian) In a new report that could become a political headache for Democrats that saddled us with ObamaCare, The Society of Actuaries estimated on Tuesday, that insurers will have to pay out an average of 32% more for claims for individuals because of ObamaCare, a cost likely to be passed on to consumers.
Yesterday I wrote here that Health & Human Service Secy Kathleen Sebelius finally admits what many of us knew health care premiums are rising because of President Obama’s chief legislative achievement–ObamaCare.
(The Telegraph) Cyprus citizens face draconian controls over how they may spend their own money, use debit cards or even access their savings beyond May–some 13,000 British based customers of the Cypriot Popular Bank could lose all of their savings above 100,000 Euros.
Cypriot capital controls that are unprecedented in modern banking will include tight weekly personal allowances for cash withdrawals, restrictions on moving Euros outside Cyprus, new lower limits on credit and debit cards and a ban on checks.
Fear that Cyprus growing financial crisis may spread, Germans are expressing concerns about their bank accounts according to Merco Press 54% of Germans are now worried about their savings and investments, while only 41% have confidence in Chancellor Merkel’s guarantee that their holdings are safe.
Heroes Get Hired E-Book: NBC Universal Los Angeles
Join Hiring Our Heroes today from 10:00 am to 1:00 pm for a Jobs Fair for our American Heroes at The Proud Bird Restaurant 11022 Aviation Blvd, Los Angeles
(Weekly Standard) While Americans tighten their belts, putting off family vacations and eating out as often a result of an anemic economy, recent ObamaCare tax hikes together with payroll tax hikes that went into effect on the first of the year, Americans should be outraged that the guardian of the taxpayers money Sheriff Joe Biden had the audacity to spend waste $459,338.65 of taxpayers money to pay for his and Biden’s entourage stay at the Hyatt Regency London and subsequently $585,000.50 during his one night stay in Paris last month.
(LA Times) After nearly 80 years in print and sold at newsstands, Daily Variety has published its last today to instead focus on its online and weekly magazine.
Household Income Tumbles During Obama Recovery –Human Events