“First, they raise the minimum wage. Forcing employers to pay $7.25 an hour leaves them reluctant to give unskilled kids a chance – why pay more than a worker can produce? So they offer fewer “first” jobs.
On top of that, the Obama Labor Department has issued a fact sheet that says free internships are only legal if the employer derives “no immediate advantage” from the intern.
Are you kidding me? What’s the point of that? I want interns who are helpful!
The bureaucrats say they will crack down on companies that don’t pay, but that’s a terrible thing to do.
Unpaid internships are great. They are win-win. They let young people experiment with careers, and figure out what they’d like and what they’re good at. They help employers produce better things and recruit new employees.”
Via World Net Daily
“U.S. Sen. Jim DeMint, R-S.C., announced Monday evening on Twitter that the controversial Law of the Sea Treaty (LOST) being pushed by the United Nations, President Obama, and Secretary of State Hillary Clinton is officially dead for this year.
DeMint stated that two more senators had declared against the treaty, bringing the total number of those opposed to 34. LOST needed 67 votes to be approved by the Senate.
As this reporter indicated last week in a series of news articles on the treaty, Sen. Johnny Isakson, R-Ga., and Sen. Mike Johanns, R-Neb., had added their names to a growing list of senators who went on the record to oppose the treaty.
On Monday Sen. Rob Portman, R-Ohio, and Sen. Kelly Ayotte, R-N.H., announced they would be joining with the opposition, meaning that the treaty would fall one vote short of the required number for approval.”
“House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two “most stimulative” t things you can do for the economy.
During a pen and pad briefing with reporters on Capitol Hill, Hoyer was asked if any Democrats are “reconsidering the wisdom” of letting the Bush tax cuts expire at year’s end for the top income earners given the still struggling U.S. economy.
“I haven’t talked to any who are of that mind,” said Hoyer. “If you talk to economists, they will tell you there are two things that are the most stimulative that you can do — one’s unemployment insurance, the other’s food stamps, okay?””
Via CNS News
“1. President Obama is a cigarette smoker who has failed to quit. Mitt Romney is not a smoker.
2. Obama visibly drank alcohol on several occasions while in office. Romney does not drink alcohol. Or coffee. No one is quite sure what he drinks.
3. In one of his many biographies, Obama confessed to using pot and a little blow. Mitt Romney does not like it when his neighbors smoke pot on the beach. And get off his lawn.
4. Mitt Romney was once said to have hired illegal immigrants, but he only hired a landscaping company that employed illegals. Barack Obama directly hired hundreds of illegal aliens at taxpayer expense.
5. Mitt Romney was slammed in a Washington Post hit piece for hazing a student who turned out to be gay. Barack Obama admits to having shoved around a girl while in school.
6. Barack Obama confessed to eating dog in his biography Dreams from My Father. Mitt Romney likes his steak medium rare.
7.The Obamas enjoy attacking fast food chains. Mitt Romney enjoys making fast food chains profitable.
8. After berating Americans about unhealthy food habits, Michelle Obama ordered a cheeseburger, french fries, and a chocolate shake from the
Shake Shack, while Obama scarfed down wieners at a sausage fest. Mitt Romney doesn’t like cookies.
9. When throwing out the first pitch at a major league baseball game, Obama noticeably threw like a girl. At age six, Mitt could already hit a baseball further than the current president.
10. While throwing out the first pitch at a baseball game, Obama wore both a White Sox hat and a Nationals jersey and drew unmistakable boos. When Mitt Romney wears a Red Sox jersey, he wears only a Red Sox jersey.”
“My wife and I had dinner last night at a small Asian-fusion restaurant here in San Miguel de Allende, Mexico with two lawyer friends visiting from the United States. One sat down and immediately began our evening’s conversation with a story.
“You won’t believe this,” he said, holding up his thumb, grinning ear to ear.
“I was chopping vegetables the other night and I sliced my thumb right here.” I could see the scar.
“I am sorry to hear that,” I offered, “but you seem absolutely cheerful about it.”
He continued. “It bled profusely and we ended up going to the emergency room.” His excitement was palpable.
“And, you won’t believe this, I was seen by a doctor in about two minutes. In the US where I live, I might have sat in the ER for 3 or 4 hours. The doctor sewed me up, told me he wanted to see me again in a couple of days. And then do you know what happened?”
“You discovered a winning lottery ticket in your pocket?” I joked.
“Almost as good,” he laughed. “I got the bill. $35 dollars!”
Having lived in Mexico 10 years, that sounded about right to me.
“Don’t you get it? Thirty-five dollars,” he pronounced the words slowly as If I did not understand him the first time. “In the U.S. that would have been $500, maybe $1000, or more!”
Such is the reaction of many who experience medicine outside the US sickcare system, the most expensive in the world.”
“The DISCLOSE Act has died again.
Senate Democrats’ second attempt in less than 24 hours to advance the campaign finance bill failed Tuesday — even after at least 16 senators held the floor for six hours Monday night in support of the measure.
On a strictly partisan 53-45 vote, it fell short of the 60 votes needed to break a GOP filibuster. Sens. Mark Kirk (R-Ill.), who is recovering from a January seizure, and Richard Shelby (R-Ala.) did not vote.
The bill, sponsored by Sen. Sheldon Whitehouse (D-R.I.), would force unions, nonprofits and corporate interest groups that spend $10,000 or more during an election cycle to disclose donors who give $10,000 or more. Whitehouse’s version no longer required sponsors of electioneering ads to have a disclaimer at the end and pushed the effective date to 2013.
“When somebody is spending the kind of money that is being spent, a single donor making, for instance, a $4 million anonymous contribution, they’re not doing that out of the goodness of their heart,” Whitehouse said on the floor.
Prior to the vote, Democrats called upon Republicans who have previously spoken in favor of greater transparency and campaign finance reform to vote “yes” on the bill today. Those targeted Republican senators such as Sens. Lamar Alexander (R-Tenn.), Scott Brown (R-Mass.), John McCain (R-Ariz.) and Susan Collins (R-Maine), all voted against the DISCLOSE Act both times.”
“Getting paid miserable wages? Don’t fret – just buy the stock of your (hopefully public) employer, and hope and pray that this time is different, and that light at the end of the tunnel is the not the next latest and greatest (and likely last) stock market collapse, in the ultimate trade off of current pay for capital gains: 13 quarters in and Labor Comepnsation is still lower than where it was when the Great Financial Crisis began.
For those curious what the reason for records corporate profits is (or rather was: we have now finally turned the cycle and Y/Y profit growth is, for the first time since 2009, finally negative), the chart below explains it all. It also explains why 401(k) plans are now redundant: anyone who wishes to keep up with the growth rate of their employer has no choice but to buy their stock, and generate returns for all shareholders. Because corporations, people or not, now have all the leverage.”
Via Zero Hedge