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Man apprehended after scaling White House fence in latest security breach

Fox News (Politics) - Wed, 10/22/2014 - 18:48
A man was apprehended after he scaled a White House fence Wednesday night, the latest security breach at a time when the Secret Service faces increased scrutiny over its ability to protect the president and his residence.

Old Companies Blowing It...Grand Old Party...Hope Not!

TownHall Latest columns - Wed, 10/22/2014 - 16:35
The midterms are two weeks from now, and either it's going to be the most boring midterm election in history, or the mainstream media isn't going to be happy about the polls, but investors might be, and of course, with so much despair out there, everyone is interested in where we go from here. 2014-10-22T00:01:00-04:00 2014-10-22T21:35:03Z Charles Payne

White House ‘deeply concerned’ over reports of renewed ISIS advance against Yazidis

Fox News (Politics) - Wed, 10/22/2014 - 16:18
The White House said Wednesday it is “deeply concerned” by reports that Islamic State militants are advancing on the same Yazidi community in Iraq whose plight prompted the U.S. military to intervene two months ago in an attempt to save the religious minorities from “genocide.”

My Name is Barack and I "Might" Have a Spending Problem

TownHall Latest columns - Wed, 10/22/2014 - 15:35
2014-10-22T15:05:00-04:00 2014-10-22T20:35:04Z John Ransom

DSCC going back on air for Grimes in Kentucky

Fox News (Politics) - Wed, 10/22/2014 - 15:11
Senate Democrats’ campaign arm is going  back on air in Kentucky with new ads in support of nominee Alison Lundergan Grimes.

The German Economy Needs Reforms, Not More Spending

Cato Recent Op Eds - Wed, 10/22/2014 - 14:39

Dalibor Rohac

It takes two and half hours by train to get from the Spanish capital Madrid to Barcelona, almost 400 miles away. Since the 1980s, Spain has been among the pioneers of the development of high-speed railways, with a network that is the longest in Europe, and second only to China’s, spanning over 1,900 miles. The construction of the Spanish AVE (high-speed) network has continued even after the country’s debt crisis. By 2020, practically all provincial capitals are expected to be connected to Madrid in less than three hours.

Yet, the shiny railway network and the massive infrastructure spending did not make the burst of the real-estate bubble, the sovereign debt crisis, and Spain’s sharp economic downturn any less painful, nor have they accelerated the recovery. In spite of large government spending, with a budget deficit exceeding six percent this year, youth unemployment in Spain is stubbornly above 53 percent and per capita incomes are at lower levels than 10 years ago.

Spain hardly seems as a model worth emulating. It is therefore odd that The Economist, normally demure about such matters, recommends that Germany — which may now be slipping into a recession — follow the Spanish example by boosting its infrastructure spending in order to increase both short term aggregate demand and lay foundations for long term growth.

One reason for skepticism about salutary macroeconomic effects of increased infrastructure spending is that most estimates of fiscal multipliers are extremely modest, especially during peacetime. When Harvard University economist Robert J. Barro attempted to estimate the multiplier associated with peacetime government purchases, he “got a number insignificantly different from zero.”

“Regardless of what one thinks is the proportion of demand- and supply-side factors behind Germany’s current economic malaise, more government spending is the wrong answer.”

If Germany — and the rest of the Eurozone — do indeed require a demand-side stimulus, it should come in the form of a monetary expansion. Eurozone-wide, inflation has been consistently below the target of 2 percent since the beginning of 2013. Maybe now is the time for Germans to rethink their opposition to a more accommodative monetary policy in the Eurozone — or one which would, at a minimum, try to hit the inflation target during bad economic times. However, the last thing that the European Union as a whole needs is to see Germany, the most important force fostering fiscal responsibility on the continent, abandon the example it is setting for other European countries in favor of an elusive quest for a demand-side stimulus.

If there are shovel-ready infrastructure projects with a social rate of return that justifies public investment, Germans should go ahead and fund them. But rushing into such decisions or overlooking the underlying costs and benefits is hardly a prescription for sound policy. It is also worth keeping in mind that even the most careful cost-benefit analyses tend to set the benchmark for public investment too low — typically, such studies underestimate the social cost of spending projects by ignoring the distortions associated with present or future taxation required to fund these projects.

However that may be, to claim, as The Economist does, that creaking bridges and overflowing kindergartens are major constraints on German economic growth strains credulity. According to World Economic Forum’s Global Competitiveness Report, Germany ranks seventh in the world in terms of the quality of its infrastructure, and is outperformed in Europe only by Netherlands and Switzerland.

Inadequate infrastructure should thus be the least of Germans’ worries. Take labor markets, for example. In spite of the reforms undertaken in the 2000s, which strengthened the incentives to work and increased labor-hour flexibility, the hiring and firing regulations are still too stiff and the country relies overwhelming on centralized collective bargaining. To remain a manufacturing powerhouse of Europe — and to attract new, innovative industries — Germany would arguably benefit from an overhaul of its income tax system, which imposes disproportionate marginal rates on workers.

The German economy is also held back by poor energy policy decisions made in the recent past. Compared to other countries, Germany has reduced its reliance on nuclear power and increased the deployment of renewables. One of the unintended consequences has been the rise of energy prices, which increased by 60 percent over the past five years. In per-megawatt terms, German industry pays roughly twice as much for electricity as American companies. The situation is not helped by the widespread opposition to hydraulic fracking, driven by a ‘not-in-my-backyard’ mentality.

Regardless of what one thinks is the proportion of demand- and supply-side factors behind Germany’s current economic malaise, more government spending is the wrong answer. It is an answer based on bad economics, and it would encourage reckless fiscal behavior that may cost Germany and Europe dearly in the future.

Dalibor Rohac is a policy analyst at Cato Institute’s Center for Global Liberty and Prosperity.

Dave Says: Education is Key – So Long As You’re Not Getting a Degree in German Polka History

TownHall Latest columns - Wed, 10/22/2014 - 14:35
As long as you're studying something that has marketplace application, youre setting the stage to make back the money that was put into your degree. 2014-10-22T00:01:00-04:00 2014-10-22T19:35:02Z Dave Ramsey

Obama on Canada shooting: 'We're all shaken by it'

Fox News (Politics) - Wed, 10/22/2014 - 14:29
President Barack Obama has condemned fatal shootings in Canada as "outrageous attacks" and has offered to help the U.S. ally with its response.

The Good News About Offshore Oil Rigs

TownHall Latest columns - Wed, 10/22/2014 - 13:35
Never let it be said that Mother Nature doesn't appreciate irony. A new study led by researchers at Occidental College and the University of California at Santa Barbara has found that the oil platforms dotting the California coast are fantastic for sea life. 2014-10-22T00:01:00-04:00 2014-10-22T18:35:03Z Jonah Goldberg

Georgia Dems face backlash over flier urging vote to ‘prevent another Ferguson’

Fox News (Politics) - Wed, 10/22/2014 - 12:49
A new mailer being circulated in Georgia by the state’s Democratic Party is drawing criticism for linking the shooting of a black teenager in Ferguson, Mo., to the upcoming elections.

Source: Spike in ISIS-related chatter targeting Canada leading up to shooting

Fox News (Politics) - Wed, 10/22/2014 - 12:43
A counterterrorism source tells Fox News that there was a spike in Islamic State-related online chatter focusing on Canada in the days leading up to the shooting Wednesday in the capital of Ottawa.

Companies try to escape ObamaCare penalties

Fox News (Politics) - Wed, 10/22/2014 - 12:35
With companies set to face fines next year for not complying with the new mandate to offer health insurance, some are pursuing strategies like enrolling employees in Medicaid to avoid penalties and hold down costs.

Rep. Chaffetz: Surgeon general should be heading Ebola response

Fox News (Politics) - Wed, 10/22/2014 - 12:08
Utah GOP Rep. Jason Chaffetz on Wednesday questioned President Obama’s decision to appoint what he considers a political operative to lead the country’s Ebola response, instead of the acting-United States surgeon general.

CDC requiring 21-day monitoring for all travelers arriving from Ebola-stricken African nations

Fox News (Politics) - Wed, 10/22/2014 - 10:51
The Centers for Disease Control and Prevention on Wednesday announced that all travelers arriving in the U.S. from the three Ebola-stricken African countries will be subject to a 21-day monitoring program.

‘Embarrassing’: White House botches Dem Senate candidate’s identity -- again

Fox News (Politics) - Wed, 10/22/2014 - 10:35
The White House botched the identity of a prominent Senate Democratic candidate for a second time this month – in the latest misstep that has party allies griping about the president’s political operation.

Houston's First Amendment Problem

TownHall Latest columns - Wed, 10/22/2014 - 10:35
The recent questionably unconstitutional moves by the Houston city council to subpoena the sermons of five area ministers, as well as internal correspondence dealing with social issues, should have the American Civil Liberties Union and everyone else who believes in free speech and religious freedom up in arms. 2014-10-22T00:01:00-04:00 2014-10-22T15:35:03Z Dr. Ben Carson

Blackwater guards found guilty in Iraq shootings

Fox News (Politics) - Wed, 10/22/2014 - 10:15
Four former Blackwater security guards were convicted Wednesday in the 2007 shootings of more than 30 Iraqis in Baghdad, an incident that inflamed anti-American sentiment around the globe and was denounced by critics as an illustration of a war gone horribly wrong.

Poll: Dem advantage with women collapses

Fox News (Politics) - Wed, 10/22/2014 - 09:53
Democrats' hopes to keep the Senate take another hit as new poll finds women moving in GOP's direction. 

Student activist kicked off college for asking if “big government sucks?”

TownHall Latest columns - Wed, 10/22/2014 - 09:35
This is right up there with the kid in Hawaii who was told by campus cops he couldnt hand out copies of the Constitution. 2014-10-22T00:01:00-04:00 2014-10-22T14:35:03Z Nick Sorrentino

FLOTUS’ convincing ‘yummy face’ sure to motivate kids to eat more veggies

Michelle Malkin - Wed, 10/22/2014 - 09:35

**Written by Doug Powers

Michelle Obama did an impression of kids eating a FLOTUS-approved school lunch today. Twitchy sets the scene:

A group of fifth graders joined the first lady in the White House garden Tuesday for the fall harvest and later dined with Mrs. Obama on the just-picked vegetables.

“REAL tomato ketchup, Eddie?”

Mrs Obama joins kids in eating some of the just-picked veggies in the healthy meal recipes. pic.twitter.com/anlj6c8YLb

— Mark Knoller (@markknoller) October 14, 2014

So I guess we should also talk about his, eh?

Hey, @Alphacat. The First Lady wants to know… #TurnipForWhat? https://t.co/WL7jCellbC #AskTheFirstLady #TD4W

— The First Lady (@FLOTUS) October 15, 2014

Don’t miss FLOTUS’ upcoming remakes of and “If I Didn’t Carrot.”

**Written by Doug Powers

Twitter @ThePowersThatBe


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