Thursday, July 31, 2014

Jobless claims not seasonally adjusted now average 310,000 weekly in the last month

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310k weekly annualizes to 16.1 million. Claims in the first half of the year annualized to about 16.95 million. If the trend in the last mon...

CNBC laugh of the day: Report of booming economy lifts S&P500 0.12!

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Here : "Also on Wednesday, official data showed the U.S. economy expanded in the second quarter at a better-than-expected annualized 4 ...
Wednesday, July 30, 2014

Average report of GDP under Obama 43% worse than under Bush

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For 2001 through 2008, according to today's comprehensive GDP revision from the BEA, George W. Bush had an average report of GDP at 2.1%...

2Q2014 GDP comes in at 4% in first estimate, 1Q adjusted again in the comprehensive annual revision to -2.1%

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Reuters points out here that growth in the first half now comes to . . . 0.9%: "The economy grew 0.9 percent in the first half of this...

Steven Goddard wants it both ways: the US temperature record is the best long term record but has been massively altered, nevermind CET is 355 years old and getting older

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Tuesday, July 29, 2014

Attention Drudge readers: Anthony Watts booted "Steven Goddard" from WattsUpWithThat some years ago

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Seen here . Drudge recently linked to a "Goddard" (a nom de plume ) story about the summer of 2014 being the "coolest summe...
Sunday, July 27, 2014

Justin Amash thinks the Republican future lies with just 3% of the population

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Quoted here : "I am trying to grow a new generation of Republicans that includes more gays and lesbians . . .."

Grand Rapids Press Laughably Says Justin Amash Opposes Corporate Special Interests, Praises His Evolution Toward Democrats

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You mean like the DeVos family's special interests, or his own family's, or the Club for Growth's which has spent nearly $400,00...
Saturday, July 26, 2014

New IRS 1040 clearly shows you'll owe ObamaCare TAX liability on line 61 if you don't have coverage

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So in addition to lying about getting to keep your health insurance if you like it, Obama also clearly lied about not raising taxes on anybo...
Friday, July 25, 2014

Bank Failure Friday: GreenChoice Bank, fsb, Chicago, Illinois, failed tonight

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GreenChoice Bank, fsb, Chicago, Illinois, failed tonight, costing the FDIC $14.2 million. The bank is bank failure number 14 in 2014, and nu...
Thursday, July 24, 2014

Justin Amash represents DC's Club For Growth, not Michigan's Third District

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Justin Amash must be worried about his reelection prospects. Amash is blanketing Michigan's 3rd Congressional District with a barage of ...

Another wild week in jobless claims, this time down 78,215 not seasonally adjusted

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Last week claims were up 47,079. Not seasonally adjusted, claims in the last four weeks are averaging 323,000 per week or 16.8 million annua...
Wednesday, July 23, 2014

Brian Wesbury is already making excuses for 2Q2014 GDP

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Here : "The 2.9% drop in real GDP during the first quarter was a fluke caused by a brutal winter and some one-off events. With much of ...
Tuesday, July 22, 2014

Mirror Mirror: Consensus for first estimate of 2Q2014 GDP, just eight days away, is +2.9%

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That's a complete mirror image of 1Q2014 GDP from the third and final estimate at -2.9%. HaHaHaHa...Ha. The average of the two is still ...
Monday, July 21, 2014

Libertarian insanity from Kevin Williamson at National Review

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Here : "The foundation of classical liberalism, and of the American order, is not the rule of law, a written constitution, freedom of s...
Sunday, July 20, 2014

Stupidest thing P.J. O'Rourke ever wrote

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Here : "Imagine trying to make the Ten Commandments into laws." Hm. I thought we already had. Stock markets remain closed on Sunda...

Eastside Commercial Bank, Conyers, Georgia, failed on Friday, July 18th, 2014

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Eastside Commercial Bank, Conyers, Georgia, failed on Friday, costing the FDIC $33.9 million. 6,730 institutions remained under the FDIC thr...
Friday, July 18, 2014

Michael Savage is as lazy as Rush Limbaugh: keeps saying WWI started in 1917 with assassination of Arch Duke Ferdinand

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World War I started in 1914 with the assassination of the Duke, not 1917.  Savage has started the show today saying 1917 after having said t...

Measuring the pain of jobless claims 2001-2013

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In 2013 jobless claims not seasonally adjusted fell to their lowest level under Obama, totaling 17.8 million, just 100,000 more than two ...
Thursday, July 17, 2014

Lowest high temperature ever for July 16th yesterday in Grand Rapids

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71 degrees F.