California’s Proposition 37 would require all genetically modified products to be labeled so people would know what they were buying.
Monthly Archives: November 2012
With all the talk of the fiscal cliff, there is one major issue that is being overlooked. Something called TAG is set to expire at the end of the year and if it does it will have a big effect on how you bank.
Ben is investigating what this means for you in a Reality Check you won’t see anywhere else.
View the Reality Check/Simply Money Fiscal Cliff Cheat Sheet here.
The complaint, brought by the U.S. Attorney in Manhattan, seeks damages and civil penalties from Wells Fargo for more than 10 years of alleged misconduct related to government-insured Federal Housing Administration loans.
No doubt this will end as the others have ended. The bank will pay a fine in exchange for not admitting that they did anything illegal.
THURSDAY, NOVEMBER 8
Following a two-week lull in violence, Israeli soldiers invade Gaza. In the resulting exchange of gunfire with Palestinian fighters, a 12-year-old boy is killed by an Israeli bullet while he plays soccer.
Shortly afterwards, Palestinian fighters blow up a tunnel along the Gaza-Israel frontier, injuring one Israeli soldier.
SATURDAY, NOVEMBER 10
An anti-tank missile fired by Palestinian fighters wounds four Israeli soldiers driving in a jeep along the Israel-Gaza boundary.
An Israeli artillery shell lands in a soccer field in Gaza killing two children, aged 16 and 17. Later, an Israeli tank fires a shell at a tent where mourners are gathered for a funeral, killing two more civilians, and wounding more than two dozen others.
SUNDAY, NOVEMBER 11
One Palestinian civilian is killed and dozens more wounded in Israeli attacks. Four Israeli civilians are also injured as a result of projectiles launched from Gaza, according to the Israeli government.
During an Israeli government cabinet meeting, Transportation Minister Yisrael Katz urges the government to “cut off the head of the snake… take out the leadership of Hamas in Gaza.” He also calls for a cutting off of water, food, electricity, and fuel shipments to Gaza’s 1.7 million people.
MONDAY, NOVEMBER 12
Palestinian militant factions agree to a truce if Israel ends its attacks.
WEDNESDAY, NOVEMBER 14
Israel breaks two days of calm by assassinating Ahmed Jabari, the head of Hamas’ military wing. According to reports, at least eight other Palestinians are killed in Israeli attacks, including at least two children. Palestinian militant groups vow to respond.
You won’t find another congressman that speaks as informed, as eloquent or with great sincerity as this man has over the past three decades.
A big win for the silver market! Just what I’ve been waiting for!
The CFTC today set limits on how much any one person may buy or sell in the silver market. The purpose of this rule is to limit anyone’s ability to manipulate silver prices.
It is said that a picture is worth a thousand words. This cartoon speaks volumes! It is an incredible commentary on the difference between free market, Capitalist driven economics, versus Big Government resource hogging non-producing, Keynesian Economics.
The common denominator is the poor. There are always going to be poor people. That’s a fact in every society. Even one as great and powerful as we are, we are sill going to have the less fortunate. The difference in how the poor are aided. Conservatives and Liberals couldn’t be more polar opposite in their respective political philosophies on economics.Liberals want to take from the producers and give to the poor. They cry out “More food!”, “More housing!” “More money!”, “More! More! More! Gimme More!”. The fatal flaw with this approach is the fact that if the producers are bled dry, where do you go for “More”? How can the producers ever reach their maximum potential of producing, when they are constantly having to give “More!” Growth is stifled. Less jobs are created, because of less investment capital. And inefficient government is expanded. All leading to a lower standard of living.
Whereas, on the other hand, the poor that are seeking a way out of the muck and mire are boosted out of their circumstances if there is less restraint on the producers. If there are less regulations. Less siphoning of their capital through excessive taxation for redistribution to the non-producing entities. Free market capitalism allows for expanded growth, more production, which in turn creates more jobs that adds more “rungs” to the ladder so that the ladder can go deeper into the pit of the poor, and in turn allow those with grit and determination to rise into prosperity. It is a simple winning formula. One that has made our great nation the envy of the world. JFK said it best, “High tides raise all boats”, meaning that if the producers aren’t hindered by the overzealous extension of regulations and taxes, then they will be allowed to grow, produce more and create more jobs.
The standard of living here in America is the greatest the world has ever known. The poor in our country did not create this standard of living; the producers did. Which leads me to point out that given the current power structure that exists, and the adamant rhetoric that the rich must pay more, that they must pay their fair share; can only lead one to the conclusion that, if not reversed, the standard of living is going to indeed go down; and the rungs on the ladder will become shorter. ~ Mercury
“I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I traveled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”– Benjamin Franklin, 1766
$43 Trillion lawsuit takes ugly turn
On October 25, 2012 a $43 Trillion lawsuit was reported against various bankers and government officials in regard to the mortgage scandal, cover-ups, and racketeering.
The article above no longer exists on Marketwatch, as they have removed it after it garnered too much attention.
You can view an archived version here.
CNBC reported this, perhaps not realizing that such news is controlled and is not supposed to be released to the public. Within hours it was taken down, after CNBC’s media executive, Kevin Krim, discovered that two of their children had been murdered in his home–supposedly by the trusted nanny, who convenniently killed herself at the same time.
The problem is that for the rich and powerful, it is too easy to get away with murder. But it looks to me as if CNBC got the message.
I was looking forward to being the first to confirm who won the presidential election today, but CBS beat me to it! It seems that they had some inside information back on October 19.
I am disappointed. I wanted to be first.
Shall we play Charades?