Leftist Corruption Update: Clinton Foundation Failed To Report $20M In Donations From Foreign Governments

Clinton Foundation Failed To Report $20 Million In Donations From Foreign Governments – Weasel Zippers


Gee, I wonder why she left that out?

Via Free Beacon:

The Clinton Foundation failed to report $20 million in donations from governments to the Internal Revenue Service, newly refiled tax returns show.

Reuters reported that the foundation disclosed the $20 million it received from governments, most of them foreign, between 2010 and 2013 when it and a spin-off organization refiled tax returns from six years to fix errors.

The Bill, Hillary, & Chelsea Clinton Foundation did not previously separate out its donations from governments on old tax returns as is mandated by the IRS.

The foundation refiled tax returns from 2010, 2011, 2012, and 2013 and a charity spun off from the foundation, the Clinton Health Access Initiative, refiled its own returns from 2012 and 2013 after both were found to have made errors reporting funds from foreign governments. The revelations about inaccuracies came just as Hillary Clinton, a Democratic candidate for president, endured scrutiny for the millions of dollars that her family foundation has received from foreign governments.

Keep reading



11 Of 23 Obamacare Co-Ops Have Collapsed, Leaving Half A Million More Americans Without Health Insurance

Obamacare Doomsday? ‘Collapses’ Drop Half-Million Americans – WorldNetDaily


About half of Obamacare’s Consumer Operated and Oriented Plans, or co-ops, have imploded, leaving nearly half-a-million Americans looking for new health coverage.

And instead of addressing the problem, the Obama administration is pretending it doesn’t exist.

That’s the assessment of Rep. Adrian Smith, R-Neb., a member of the House Ways and Means Committee who recently wrote about the spate of failures in the Wall Street Journal.

“When it passed Congress in 2010, the Affordable Care Act offered substantial financial support to create nonprofit health-insurance plans. Today 11 of the 23 such regional Consumer Operated and Oriented Plans have failed – seven since the beginning of October,” Smith wrote.

“They’ve collapsed despite federal startup loans totaling more than $1.1 billion. These loans will likely never be fully repaid, while insurers and consumers will be on the hook for any unpaid claims left behind by failed insurers,” he added.

The congressman estimates 400,00-500,000 Americans lost their coverage in those 11 failed co-ops.

In an interview with Radio America, Smith says the co-ops were doomed from the start.

“I think they were improperly structured. They were allowed to charge too low a premium, not reflecting the actual costs. They thought the original subsidies – or loans if you will, but let’s face it, they’re subsidies, especially since they’re so unlikely to be repaid. That wasn’t enough,” said Smith, who is fuming more as he learns how these collapses transpired.

“The more I am learning about this entire situation, the more offensive it is, and this is just one part of Obamacare,” Smith said.

The congressman said what galls him most is that the government forced many people out of coverage they liked and then left those same people out in the cold.

“The thing that bothers me the most is when a good, upstanding citizen is doing everything they’re supposed to do to be a responsible individual,” Smith said. “Yet they are faced with canceled coverage, or they’re faced with a penalty for taking care of themselves.”

Adding to Smith’s frustrations is what he believes is utter indifference to the problem from the Obama administration.

“We had a hearing earlier this week, and the chief of staff from [the Centers of Medicare and Medicaid Services] was our witness,” Smith said. “[Dr. Mandy Cohen] sent the message that everything is just fine in the Obamacare co-op arena.”

He said it’s quite obvious that co-ops are not “just fine.”

“It’s not a win,” Smith said. “Nearly half of the co-ops have collapsed and that’s from New York to Nevada. Ours, with Nebraska and Iowa together, we were the first to collapse a year ago. Now we see them collapsing at a much quicker pace.”

How can the Department of Health and Human Services, or HHS, say all is well when almost half the co-ops have failed?

“In a very dismissive manner, I have to say, and it’s disappointing,” Smith said. “I started asking questions almost a year ago and HHS is not offering any answers.”

Not only is the government doing little to help, in some circumstances it is actually pushing co-ops to their deaths.

“The administrators of the Nebraska-Iowa plan saw a larger number of people sign up for their plan than they originally anticipated,” Smith said. “So they requested permission from HHS to suspend enrollment, to basically cap that at a number they figured was more manageable. They were prohibited by HHS from capping the number of enrollees.”

The congressman said that hastened the demise of the Nebraska-Iowa co-op. He said HHS did give permission for the Tennessee co-op to cap enrollment, but it collapsed anyway.

In the meantime, Smith is sponsoring legislation that would protect those who lost coverage with the failure of the co-ops from being fined by the IRS for not having coverage as mandated by federal law.

He believes all of Obamacare will eventually crater, but he hopes too many people aren’t hurt in the process.

“Ultimately, I think it collapses under its own weight,” he said. “I just want to do everything I can to minimize the damage in the ensuing time. That’s what weighs heavy on my mind is that the heavy hand of the federal government is actually hurting the very people Barack Obama was saying he was wanting to help.”



9 Reasons Why Obama Just Made Wrong Decision On Keystone Pipeline (Nicolas Loris)

9 Reasons Why Obama Just Made Wrong Decision On Keystone Pipeline – Nicolas Loris


It took President Barack Obama only 2,604 days to reject the permit application for the Keystone XL pipeline.

In a statement today, Obama said the pipeline “would not serve the national interest of the United States.”

“America is now a global leader when it comes to taking serious action to fight climate change,” Obama added. “And frankly, approving this project would have undercut that global leadership.”

Former Obama administration Secretary of Energy Stephen Chu hit the nail on the head: “The decision on whether the construction should happen was a political one and not a scientific one.”

Here are the top nine reasons Obama is wrong on Keystone XL.

1.) Jobs and economic growth. Opponents will minimize the job numbers, saying that the pipeline will create only “a handful” of permanent jobs – and that’s correct. In his speech Obama said, “So if Congress is serious about wanting to create jobs, this was not the way to do it.” But here’s what that argument misses: the tens of thousands of construction jobs that the pipeline project will create. In fact, simply building the southern portion – which didn’t need Obama’s approval – has already created 4,000 construction jobs. And if opponents are dismissive of Keystone XL, they should be dismissive of all construction projects, as they’re all temporary – because they’re construction jobs. Further, Keystone XL would add economic value, transport an important energy resource efficiently, and result in billions of dollars of tax revenue for states it runs through.

2.) Stable supply of oil from an important trading partner that will lower gas prices. The pipeline would carry up to 830,000 barrels of oil from Canada to the Gulf Coast, where U.S. refineries are already equipped to handle heavier crudes. The pipeline will efficiently provide supply from a secure source and a friendly and important trading partner. Contra Obama’s claim today that “the pipeline would not lower gas prices for American consumers,” increased oil supplies will lower gas prices, though the impact may be small.

3.) Safest mode of getting oil and gas to Americans. Many in the United States live near a pipeline without even knowing about it. America has more than 500,000 miles of crude oil, petroleum, and natural gas pipelines and another 2 million miles of natural gas distribution pipelines. When it comes to accidents, injuries, and fatalities, pipelines are the safest mode of transporting oil and gas.

4.) Should be a business decision, not a government one. In concluding with Secretary of State John Kerry’s assessment that the project would not be in the national interest, Obama said, “The pipeline would not make a meaningful long-term contribution to our economy.” It is not the role of the federal government to make that determination. The federal government shouldn’t make that determination with the construction of a new restaurant or boutique shop. And it shouldn’t make that determination with a pipeline. After the State Department concluded that the pipeline was environmentally safe, the decision to build Keystone XL should have been a business decision – not a government one.

5.) We’ve done this before. The Keystone XL Pipeline is just a portion of the larger Keystone Pipeline System. You can view a map of the entire system here. Unbeknownst to many is the fact that the U.S. has already granted one of those presidential permits for the Keystone Pipeline System. For phase I of the Keystone Pipeline System, TransCanada filed an application with the Department of State (DOS) in April 2006, and the department began an environmental review in September 2006. TransCanada received its presidential permit for phase I in March 2008. From beginning to end, the process took 23 months. It has taken 86 months for Obama to say no.

6.) Environmentally safe. It was Albert Einstein who said the definition of insanity is “doing the same thing over and over again and expecting different results.” The State Department must be teetering on the edge of insanity, because after multiple environmental reviews concluding that Keystone XL poses minimal environmental risk to soil, wetlands, water resources, vegetation, fish, and wildlife, the Obama administration still rejected the permit application.

7.) Negligible climate impact. In a speech in June 2013, Obama said the climate effects of Keystone XL would have a major impact on the administration’s decision. These effects, however, would be minimal. The State Department’s final environmental impact statement concludes that the Canadian oil is coming out of the ground whether Keystone XL is built or not, so the difference in greenhouse gas emissions is minuscule. No matter your position on climate change, Keystone XL won’t make a difference.

8.) Can be built without the help of the taxpayer. Building and operating Keystone XL will result in real private-sector jobs that will grow the U.S. economy. This is very different from the president’s taxpayer-funded green jobs plan that merely siphons resources out of the market and forces pricier energy on the American public.

9.) The people want it. Lots of people want it. A CNN poll in the beginning of the year found that 57 percent of Americans support the project, while just 28 percent oppose it. Many unions want it. Former Secretary of Interior Ken Salazar called the project a “win-win.” Congress sent a bill to Obama’s desk, demonstrating their will to approve the project. Sadly, the Obama administration is catering to the small group of radical environmental activists who don’t want the pipeline.

Last April, the Washington Post slammed the Obama administration’s continued delay of a Keystone XL decision, calling it “absurd” and “embarrassing.” Rejecting the permit application is even more absurd and more embarrassing.



Looks Like Governor Moonbeam Has Committed An Impeachable Offense

Analysis: Jerry Brown’s Oil Scandal Is An Impeachable Offense – Big Government


California Gov. Jerry Brown appears to have committed an impeachable offense in using state experts to study the potential for oil development on his private property, as uncovered by the Associated Press on Thursday.

California public ethics laws forbid elected officials from using state resources for personal or political gain.

Section 8314 of the California Government Code indicates: “It is unlawful for any elected state or local officer… to use or permit others to use public resources for… personal or other purposes which are not authorized by law.”

The term “public resources” includes equipment, vehicles, computers, and “state-compensated time.” The lawsuit that first exposed Gov. Brown’s personal use of state experts alleges that he diverted scarce state resources.

Violations are to be punished by civil penalties of $1,000 per day for each day of the offense, plus triple the value of the diverted resources.

Though not a criminal offense, Brown’s apparent violation would be an impeachable offense.

California Government Code Section 3020 specifies: “State officers elected on a statewide basis, members of the State Board of Equalization, and judges of state courts are subject to impeachment for misconduct in office.”

Another, more difficult option would be to recall the governor, who has enjoyed high approval ratings until now.

Just as in federal impeachment, articles of impeachment have to be filed in the lower house, the State Assembly, before moving to trial in the State Senate.

However, the Lieutenant Governor, not the Chief Justice, would preside.



National Debt Jumps $339B On Day Debt Ceiling Is Lifted

Debt Ceiling Lifted, And The Same Day, Debt Jumps $339B – Washington Examiner


The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling.

That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.

The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday.

The increase reflects an increasingly common pattern that can be seen in the total U.S. debt level when the debt ceiling is reached.

At the end of 2012, for example, the government hit the debt ceiling, and the Treasury Department was forced to use “extraordinary measures” to keep the government afloat until the ceiling could be increased again. Those measures included decisions to delay issuances of certain debt instruments.

When the ceiling was finally lifted a little more than a month later, the debt jumped $40 billion in a day as the pressure to stay under the ceiling eased, and after nine days, the U.S. was $100 billion deeper in debt.

In February 2013, the debt ceiling was suspended until mid-May. Extraordinary measures were again used through mid October, and the official debt burden hovered in place for more than six months. When the debt ceiling was suspended again in October, the debt exploded by $300 billion the next day.

This time around, the national debt has been frozen at its ceiling of about $18.1 trillion since late January, longer than nine months. The Bipartisan Policy Center estimated that the government had somewhere around $370 billion worth of extraordinary measures to use this time around.



David Leach Says The New Budget Deal Effectively Kills The GOP

Budget Deal Effectively Kills The GOP – Strident Conservative


As you probably know by now, the budget and debt ceiling deal I wrote about a few days ago has officially passed the House of Representatives. And while it’s true that it runs contrary to every principle that Republicans campaigned on when they convinced America to give them the majority in 2010, the policy and political implications of this legislation will be far-reaching with severe consequences.

So, how bad is it? In an opinion piece on Conservative Review, Daniel Horowitz gives seven reasons why this betrayal will probably be the end of the Republican party:


1. Increases Debt Ceiling Unconditionally

This bill suspends the debt ceiling through March 2017, granting this president another $1.5 trillion in debt authority after already amassing $7.5 trillion in debt. This, at a time when revenue is at record highs. There are now no external constraints on the amount of debt this president can accumulate in his final year.

2. Budget Control Act Permanently Terminated

The bill increases spending by $112 billion, thereby permanently overturning the only meaningful spending victory secured by conservatives over the past five years. There will be little leverage to preserve these cuts in the future. Spending was already slated to increase by $250 billion for the new year (from $3.677 trillion to $3.928 trillion); this bill will bump that increase to over $310 billion for 2016 alone. This is why Republicans have never cut spending. Despite record projected revenue of $3.5 trillion for 2016, they can’t balance the budget and will spend $4 trillion annually for the first time ever. In the era of “austerity,” the federal government is now growing by 8.4% despite the fact that the private economy is averaging 2.5% growth.

3. Rubber Stamps Obama’s Backwards Foreign Policy

Included in the increased spending is an extra $32 billion in war spending on top of existing appropriations. This comes on the heels of reports that Obama is commencing ground operations involving our military in the Islamic civil war in both Iraq and Syria. It is cowardly of Congress to not issue a declaration of war with specific policy demands from Obama dictating our strategic goals. Nobody can identify the mission – who we are fighting and with whom we are allying? Yet, this is Congress’ backdoor means of greenlighting this tepid and aimless effort without taking responsibility for supporting it or blocking it. As we’ve noted before, much of the money we send to the Middle East has wound up in the hands of Al-Nusra in Syria and Iranian-backed Shiite forces in Iraq. This budget allows Obama to invest more in failure, and worse – our enemies – because much of the OCO funds go to the State Department.

4. Paves the Way for More Spending with Enron Style Accounting

It would have been better had Congress not deceived the public with Enron-style accounting gimmicks to “offset” the cost of the bill. As Congressional Quarterly noted today, “Budget Deal Pay-Fors May Provide Template for Future Accords.” The political class thinks that a hodgepodge of notional and intangible offsets spread out 10 years from now are so clever. They will be emboldened to use the same gimmicks to bust even more spending caps, even in areas of the budget they’ve been cautious to do so until now.

5. We are at the mercy of Obama with no leverage

The most under-reported aspect of this deal is that it completely “clears the decks” of any budget bill for the remainder of Obama’s presidency, thereby taking the power of the purse off the table. As bad as the increased spending is for our fiscal solvency, the Obama policies are worse. There will be no budget to leverage against Obama’s growing amnesty, EPA overreach, foreign policy disasters, prison break, and dangerous clemencies. For example, Obama released 66,000 criminal aliens in 2013-2014, who had accrued a total of 166,000 convictions: 30k DUIs, 414 kidnappings, 11,000 sex assaults, and 395 homicides. They went on to commit at least 121 murders after being released. Who knows how high those numbers will go now that Obama has completely suspended deportations. Yet, conservatives will not have an opportunity to leverage DHS and Justice Department funding against his amnesty, which will likely grow more dangerous and lawless in his final year.

6. Paul Ryan Owns This Budget

Even if one buys into Ryan’s defense that he had nothing to do with the budget, a dubious assertion in itself, he clearly owns this deal for two reasons.

* First, the notion that the Speaker-elect cannot speak out against this travesty and demand it be halted is like saying that a newly elected fire chief is powerless against ordering his men to put out the flames of an arson that began the day before. Even if we accept that the debt ceiling deadline was sprung on him and cannot be stopped, there is no reason for him to agree to the budget deal, which does not come due for another six weeks. He certainly doesn’t have to agree to take the debt ceiling AND budget off the table for the rest of Obama’s presidency; he could have opted for a shorter-term bill so that he can show us the magic of his budget work and his amazing messaging skills. Now he will have no leverage to enact all of the fiscal reforms he will so eruditely articulate in the coming months.

* Second, Paul Ryan forged the original Ryan-Murray bill in 2013, which established the precedent that breaking the budget caps is a “must-pass” initiative. Until that point, Republicans had held firm. In that sense, this deal is merely the grandchild of Ryan’s original betrayal.

The fact that Ryan supported this excrement sandwich shows that he has no desire to actually force important conservative changes. He relishes the opportunity to “clear the barn” of any meaningful leverage so that he can discuss policy reforms in the abstract without having to fight for them in any significant way.

7. The Republican Party is Dead

Republicans have checked out from the fight against the consequential societal transformational issues for years: marriage, religious liberty, immigration, law and order, etc. They have made it clear now they will never fight for fiscal conservatism. Unless a true conservative is elected as president, the party is done.


As I wrote a week ago, the ascension of Paul Ryan to the Speaker’s job was reason enough to begin a new Conservative Revolution.The death of the GOP following this travesty of budgetary irresponsibility gives us one more reason to see it begin.



Boehner Gives Constituents One Last Kick In The Teeth On His Way Out The Door

Boehner Makes Horrendous Last Minute Debt Deal With Obama – Conservative Intelligence Briefing


Looks like House Speaker John Boehner is going out with a raise – to the nation’s debt ceiling.

President Obama has struck a deal with Congressional leaders that will again increase America’s debt borrowing limit with no end to the spending in sight…

Boehner, working directly with Obama and his staffers, was vital to the agreement though other Congressional leaders were also involved.

The deal may be voted on Wednesday, which happens to be the same day Paul Ryan may be nominated by the House GOP conference to replace Boehner as Speaker.

According to CNN:

“Bipartisan congressional leaders and the White House struck a major fiscal deal in principle Monday that would raise the debt ceiling and lift budget caps on both defense and domestic programs, according to congressional sources familiar with the deal.

The final details are being ironed out and a bill could be introduced later Monday as negotiators draft the language to prepare for it for vote.

This deal would avoid a potential debt default on November 3, and it would reduce the chances of a government shutdown on December 11.”

Boehner and his office were vital in creating the framework for the debt ceiling increase.

“Boehner’s office negotiated many of the details directly with the White House, but House Minority Leader Nancy Pelosi, Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid were also part of the discussions as the framework was developed, according to a source familiar with the talks.”

The article notes House Conservatives vehemently oppose the debt increase deal.

“Conservatives sharply panned the deal.

“It’s emblematic of five years of failed leadership,” said Rep. Justin Amash, R-Michigan.”



Leftist-Run Seattle’s Minimum Wage Hike Has Killed 700 Jobs So Far

Seattle Wage Hike Off To ‘Pretty Bad Start,’ Kills 700 Jobs – Daily Caller


Seattle, which recently passed a $15 minimum wage, has seen the loss of 700 restaurant jobs despite the rest of the state seeing huge increases, according to a Wednesday report.

In its report, the American Enterprise Institute looked at restaurant job growth in both Seattle and the rest of Washington. The state itself has gained 5,800 industry jobs since January. Seattle, however, lost 700 jobs in the same time. The state minimum wage is $9.47. Back in June Seattle passed its own minimum wage of $15 an hour. The city ordinance is designed to phase in over the course of several years. It will reach $15 an hour by 2017 for most employers.

“One likely cause of the stagnation and decline of Seattle area restaurant jobs this year is the increase in the city’s minimum wage,” the report speculated. “It looks like the Seattle minimum wage hike is getting off to a pretty bad start. Especially considering that restaurant employment in the rest of the state is booming, and nearly 6,000 more restaurant workers are employed today than in January.”

Seattle was the first place to pass a $15 minimum wage measure and became the first major victory for supporters. San Francisco and Los Angeles followed not long after and now many cities have either enacted it or are considering it. Some states are also giving the $15 minimum wage serious consideration. Currently it has not passed on the state level.

New York Democratic Gov. Andrew Cuomo first announced Sept. 10 his plan for raising the state minimum wage. If enacted, the increase will gradually put New York City to the $15 mark by 2018 and the rest of the state by 2021. Florida and Massachusetts have also began taking steps to pass it.

The impact minimum wage increases have on workers and employers is in dispute. Critics often argue increasing the minimum wage, especially as high as $15 an hour, will hurt the poor by limiting job opportunities. The problem is businesses need to offset the extra cost of labor by either raising prices or cutting workers. It is particularly troublesome for low-profit industries like restaurants who struggle much more to absorb the extra costs.

Supporters, though, say wage will help the poor by allowing them to afford basic necessities. The increased purchases would than stimulate economic activity. Fight for $15 has been the main advocate behind the push. The union-backed group has utilized rallies and media marketing campaigns in its efforts.



*VIDEO* Steven Crowder: Bernie Sanders’ Plan Debunked



EPA Pisses Away Another $1.2M In Taxpayer Money On “Environmental Justice” Grants

EPA Doles Out $1.2 Million In Environmental Justice Grants To Prepare Poor Neighborhoods For Climate Change – CNS


The Environmental Protection Agency (EPA) has announced the recipients of nearly $1.2 million in grants to non-profit and tribal organizations “to address environmental justice issues nationwide.”

“The grants enable these organizations to conduct research, provide education, and develop solutions to local health and environmental issues in minority and low-income communities overburdened by harmful pollution,” the Oct. 8 press release stated.

“EPA’s environmental justice grants help communities across the country understand and address exposure to multiple environmental harms and risks at the local level,” Matthew Tejada, director of EPA’s Office of Environmental Justice, said in the press release.”

“Addressing the impacts of climate change is a priority for EPA and the projects supported by this year’s grants will help communities prepare for and build resilience to localized climate impacts,” Tejada said.

“Environmental justice is the fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income with respect to development, implementation, and enforcement of environmental laws, regulations, and policies,” thedocument announcing the recipients of the grant funding stated.

“Fair treatment means that no group of people, including racial, ethnic, or socioeconomic groups, should bear a disproportionate share of the negative environmental consequences resulting from industrial, municipal, and commercial operations or the execution of federal state, local, and tribal programs and policies,” the documents stated.

One of the recipients is the Green Jobs Corps in New Haven Connecticut for “Creating a New Generation of New Haven Environmental Justice Leaders.”

The Greater Northeast Development Corporation in Virginia will use a “community-based participatory approach for southeast community resilience and adaptation to address lung health impacts exacerbated by climate change.”

In certain neighborhoods in Baltimore, Md., the grant funding will “mitigate the impacts of climate change on these communities by increasing the area of ‘green’ spaces…”

The Center for Neighborhood Technology in Chicago will help make the Chatham neighborhood “rain ready” to prepare for an increase of “rain events” from climate change.

Some other projects being funded include:

• A program will install solar panels in the homes of low-income residents in Colorado.

• Teaching Washington state residents about producing “locally grown food with a low-carbon footprint.”

• Educate residents of the Chickaloon Native Village in Alaska about “the connection between coal surface strip mining, transporting, exporting, and consumption in relation to climate impacts, how climate impacts are being experienced locally, statewide, nationally, and globally. “

• Ground Water New Orleans will be “teaching students to design, build, and install solar powered charging benches on or near bus stops in underserved communities.”

This grant funding dates back to 1994, according to the recipient document.

“In 1994, the Office of Environmental Justice established the Environmental Justice (EJ) Small Grants Program whose purpose is to assist communitybased/grassroots organizations and tribal governments that are working on local solutions to local environmental problems. Funding specifically supports affected local communitybased efforts to examine issues related to a community’s exposure to multiple environmental harms and risks.”

The document stated that the funds are divided equally between organizations in 10 regions across the country designated by EPA.



Obamanomics Update: Feds Take In Record $3,248,723,000,000 In Tax Revenues; Still Run $438,899,000,000 Deficit

$3,248,723,000,000: Federal Taxes Set Record In FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit – CNS

The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today.

That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.

It is also up about $212,927,100,000 in constant 2015 dollars from the $3,035,795,900,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014.


Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in fiscal 2015, the federal government was spending $3,687,622,000,000. So, the federal government ran a deficit of $438,899,000,000 for the fiscal year.

According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in September (including both full and part-time workers) was 148,800,000. That means that the federal tax haul for fiscal 2015 equaled about $21,832.82 for every person in the United States with a job.

In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.

An additional 3.8 percent tax on dividends, interest, capital gains and royalties – that was embedded in the Obamacare law – also took effect in 2013.

The largest share of fiscal 2015’s record-setting tax haul came from the individual income tax. That yielded the Treasury $1,540,802,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $1,065,277,000,000. The corporate income tax brought in $343,797,000,000.



More Bad News For Leftist SEIU

SEIU Hemorrhages Members After Supreme Court Decision – Washington Free Beacon


One of Washington state’s largest unions lost thousands of dues paying members in the wake of a Supreme Court decision barring automatic enrollment of home healthcare workers in the union, according to a new report.

The Freedom Foundation, a think tank in Washington, found that thousands of the workers, many of whom were caring for family members, dropped out of the union after the state ended forced unionism last year. Federal labor filings from Service Employees International Union Local 925 revealed that more than 3,000 of the 7,000 home healthcare workers previously in the union cut ties with the local in 2015.

“Nearly half of Washington’s approximately 7,000 family child care providers have exercised their newly acknowledged rights and left SEIU 925 since the Harris decision. The percentage of providers paying dues to the union fell from 100 percent in July 2014 to 53.2 percent (3,738) in May 2015,” the report said.

SEIU Local 925 represents mostly public sector workers. Prior to the Quinn v. Harris ruling, the union was able to corral home healthcare workers who received tax breaks and Medicaid dollars from the state. The high court declared a similar arrangement in Illinois unconstitutional, leading Washington to end the practice.

“Pas [Personal Aides] are much different from public employees,” Justice Samuel Alito ruled in the 5-4 decision. “Unlike full-fledged public employees, PAs are almost entirely answerable to the customers and not to the State, do not enjoy most of the rights and benefits that inure to state employees, and are not indemnified by the State for claims against them arising from actions taken during the course of their employment.”

Local 925 charges members nearly 2 percent of their salaries for dues with a cap of $90 per month, according to federal labor filings released in March. The union collected more than $8 million and spent more than $1.2 million on political activities and lobbying in 2014. Local 925 actually saw its ranks swell overall in 2014 despite the loss of home healthcare workers, growing from 13, 835 members to 14,405 in 2014.

The union did not respond to request for comment.

Freedom Foundation labor policy expert Maxford Nelsen said that the massive withdrawals followed an education and outreach effort by the group.

“Neither SEIU 925 nor the state took action to inform family child care providers of their constitutional right to resign from the union. The Freedom Foundation obtained providers’ contact information from the state in October 2014 and, after defeating a subsequent legal challenge from SEIU 925 in court, began a wide-ranging educational campaign to inform providers of their ability to opt-out of the union,” Nelson wrote on the foundation’s website. “To date, the effort has included direct mail, email, phone calls, cable TV advertising and door-to-door canvassing.”



Sweden: ‘No Apartments, No Jobs, No Shopping Without A Gun’ (Ingrid Carlqvist)

Sweden: ‘No Apartments, No Jobs, No Shopping Without A Gun’ – Ingrid Carlqvist

* The Swedes see the welfare systems failing them. Swedes have had to get used to the government prioritizing refugees and migrants above native Swedes.

* “There are no apartments, no jobs, we don’t dare go shopping anymore [without a gun], but we’re supposed to think everything’s great… Women and girls are raped by these non-European men, who come here claiming they are unaccompanied children, even though they are grown men… You Cabinet Ministers live in your fancy residential neighborhoods, with only Swedish neighbors. It should be obligatory for all politicians to live for at least three months in an area consisting mostly of immigrants… [and] have to use public transport.” – Laila, to the Prime Minister.

* “Instead of torchlight processions against racism, we need a Prime Minister who speaks out against the violence… Unite everyone… Do not make it a racism thing.” – Anders, to the Prime Minister.

* “In all honesty, I don’t even feel they [government ministers] see the problems… There is no one in those meetings who can tell them what real life looks like.” – Laila, on the response she received from the government.

The week after the double murder at IKEA in Västerås, where a man from Eritrea who had been denied asylum grabbed some knives and stabbed Carola and Emil Herlin to death, letters and emails poured into the offices of Swedish Prime Minister (PM) Stefan Löfven. Angry, despondent and desperate Swedes have pled with the Social Democratic PM to stop filling the country with criminal migrants from the Third World or, they write, there is a serious risk of hatred running rampant in Sweden. One woman suggested that because the Swedish media will not address these issues, Löfven should start reading foreign newspapers, and wake up to the fact that Sweden is sinking fast.


During the last few decades, Swedes have had to get used to the government (left and right wing parties alike) prioritizing refugees and migrants above native Swedes. The high tax level (the average worker pays 42% income tax) was been accepted in the past, because people knew that if they got sick, or when they retired or otherwise needed government aid, they would get it.

Now, Swedes see the welfare system failing them. More and more senior citizens fall into the “indigent” category; close to 800,000 of Sweden’s 2.1 million retirees, despite having worked their whole lives, are forced to live on between 4,500 and 5,500 kronor ($545 – $665) a month. Meanwhile, seniors who immigrate to Sweden receive the so-called “elderly support subsidy” – usually a higher amount – even though they have never paid any taxes in Sweden.

Worse, in 2013 the government decided that people staying in the country illegally have a right to virtually free health and dental care. So while the destitute Swedish senior citizen must choose between paying 100,000 kronor ($12,000) to get new teeth or living toothless, a person who does not even have the right to stay in Sweden can get his teeth fixed for 50 kronor ($6).

The injustice, the housing shortage, the chaos surrounding refugee housing units and the sharp slide of Swedish students in PISA tests – all these changes have caused the Swedes to become disillusioned. The last straw was that Prime Minister Löfven had nothing to say about the murders at IKEA.

Gatestone Institute contacted to the Swedish government, to obtain emails sent to the Prime Minister concerning the IKEA murders. According to the “principle of public access to official documents,” all Swedes have the right to study public documents kept by authorities – with no questions asked about one’s identity or purpose. The government, however, was clearly less than enthusiastic about sharing the emails: It took a full month of reminders and phone calls before they complied with the request.

What follows are excerpts from emails sent from private citizens to Prime Minister Stefan Löfven:

From Mattias, a social worker and father of four, “a dad who wants my kids to grow up in Sweden the way I had the good fortune of doing, without explosions, hand grenades, car fires, violence, rape and murder at IKEA”:

“Hi Stefan. I am a 43-year-old father of four, who is trying to explain to my children, ages 6-16, what is going on in Sweden. I am sad to say that you and your party close your eyes to what is happening in Sweden. All the things that are happening [are] due to the unchecked influx from abroad. You are creating a hidden hatred in Sweden. We are dissatisfied with the way immigration is handled in Sweden, from asylum housing to school issues. And it takes so long to get a job, many people give up before they even get close. Mattias”

Marcus, 21, wrote:

“Hi Stefan, I am one of the people who voted for you. I live in Helsingborg, still with my parents because there are no apartments available. I can see where I live that as soon as an old person moves out, eight foreigners immediately move in: they just bypass us young, Swedish people in line. With all that is going on in Sweden – rapes, robberies, the IKEA murders and so on – why aren’t non-Swedes sent back to their countries when they commit crimes? Of course we should help refugees, but they should be the right kind of refugees… I’m sorry to say this, Stefan, but the Sweden Democrats should be allowed to rule for four years and remove the people who do not abide by the laws, and who murder or destroy young women’s lives. It is horrible, I have a job that pays poorly because there are no jobs. Sweden has more people than jobs.”

Peter wrote:

“Esteemed Prime Minister. I am writing to you because I am very worried about the development in Swedish society. I am met daily by news of shootings, exploding hand grenades/bombs, beatings, rapes and murders. This is our Sweden, the country that, when you and I grew up, was considered one of the safest in the world.

“You, in your role as Prime Minister, have a responsibility to protect everyone in the land, regardless of whether they were born here or not. Unfortunately, I can see that you are not taking your responsibility seriously. I follow the news daily, and despite our now having suffered another act of madness, this time against a mother and son at IKEA, I do not see any commitment from you?…

“You should emphatically condemn the violent developments we see in this country, allocate resources to the police, customs and district attorneys to slow and fight back (not just build levees and overlook) criminal activity.”

Sebastian wrote:

“Hi Stefan! After reading about the horrible deed at IKEA in Västerås, I am now wondering what you are going to do to make me feel safe going to stores and on the streets of Sweden. What changes will there be to make sure this never happens again? Will immigration really continue the same way?”

Benny wrote:

“Hi, I’m wondering, why is the government quiet about such an awful incident? The whole summer has been characterized by extreme violence, shootings, knifings and explosions. The government needs to take vigorous action so we can feel safe.”

Laila’s subject line reads: “Is it supposed to be like this?”

“Are we supposed to go outside without arming ourselves? Rape after rape occurs and no one is doing anything about it. I was born and raised in Vårby Gård, but seven years ago, we had to move because we couldn’t take the dogs out in the evenings due to the non-Europeans driving on the sidewalks. If you didn’t move out of the way, they would jump out of the car and hit you. If you called the police, they do nothing – in a suburb of Stockholm. When my brother told some of these men off, a rocket (the kind you use at New Year’s) appeared in his mailbox. You can imagine how loud the blast was. Women and girls are raped by these non-European men, who come here claiming they are unaccompanied children, even though they are grown men…

“It is easy to get weapons today, I wonder if that is what we Swedes need to do, arm ourselves to dare to go shopping. Well, now I am getting to what happened at a major department store: Two people were killed and not just killed, there is talk online of beheading.

“The Prime Minister will not say a word, but resources are allocated to asylum housings, a slap in the face for the relatives who just had two of their kin slain. Swedish newspapers will not say a word, but fortunately, there are foreign newspapers that tell the truth. We Swedes can’t change apartments, we live five people in three bedrooms. Two of us are unemployed, looking, looking and looking for work. The only option is employment agencies. I’m 50 years old, on part-time sick leave because of two chronic illnesses, I cannot run around from one place to another. But more and more asylum seekers keep coming in. There are no apartments, no jobs, we don’t dare go shopping anymore, but we’re supposed to think everything’s great.

“Unfortunately, I believe the Prime Minister needs to start reading foreign newspaper to find out that Sweden is going under. I found out that the mass immigration costs billions every year, and the only thing the immigrants do is smoke waterpipes in places like Vårby Gård. This is happening in other places too, of course. Now it’s starting to spread; you will see that in the opinion polls, next time they are published. Soon, all Swedes will vote for the Sweden Democrats. They are getting more and more supporters every day.

“You Cabinet Ministers do not live in the exposed areas, you live in your fancy residential neighborhoods, with only Swedish neighbors. It should be obligatory for all politicians to live for at least three months in an area consisting mostly of immigrants, the car should be taken from you so you’d have to use public transport… After three months, you would see my point.

“I am scared stiff of what is happening in this country. What will the government do about this?”

Anders wrote:

“Hi Stefan, why don’t you, as our Prime Minister, react more against all the violence that is escalating in our country? [Such as] the double murder at IKEA in Västerås. Add to that the bombings and other things happening in Malmö. Instead of torchlight processions against racism, we need a Prime Minister who speaks out against the violence, who says that it’s wrong no matter which ethnic group is behind it or at the receiving end of it.

“Because all the people living in Sweden are Swedish, right? A torchlight procession against racism only highlights the fact that it’s immigrants committing these crimes. What we need now is a clear signal from our popularly elected [officials] that violence needs to stop now. Sweden is supposed to be a haven away from violence.

“I’m asking you as our Prime Minister, take a stand against the violence. Unite everyone in Sweden into one group and do not make it a racism thing.”

Some of the people received a reply from Carl-Johan Friman, of the Government Offices Communications Unit; others have not received any reply at all. A typical response goes:

“Thank you for your email to Prime Minister Stefan Löfven. I’ve been asked to reply and confirm that your email has reached the Prime Minister’s Office and is now available for the Prime Minister and his staff. It is of course not acceptable that people should be exposed to violence and criminal activities in their everyday life. Many efforts are made to counteract violence, and quite correctly, this needs to be done without pitting groups against each other. Thank you for taking the time to write and share your views, they are important in shaping government policies.”

Gatestone Institute contacted Laila, one of the people who emailed, and asked her if she was satisfied with the answer she got. Laila replied:

“No, I’m not satisfied with the answer, because they didn’t even respond to what I was talking about. In all honesty, I don’t even feel they see the problems. They’re talking about what it looks like when they have their meetings, but there’s no one in those meetings who can tell them what real life looks like. It feels like the answer I got was just a bunch of nonsense. They understand that people are scared. They talk about demonstrating against racism; they seem to be completely lost. The politicians do not understand how things work in Swedish society, because they live in their safe, snug neighborhoods where things are quiet. But a lot of Swedes are forced to live in immigrant-heavy neighborhoods, because they cannot afford an apartment somewhere else.”

The anger at the government’s non-reaction to the IKEA-murders also led to a demonstration at Sergels Torg, Stockholm’s main public square, on September 15. Hundreds of protesters demanded the government’s resignation, and held a minute of silence for the slain mother and son, Carola and Emil Herlin. The organizers plan to hold similar protests every month throughout Sweden.



Global Warming Nutbag Caught In ‘Largest Science Scandal In U.S. History’

Climate Alarmist Caught In ‘Largest Science Scandal In U.S. History’ – Big Government


The plan by climate alarmists to have other scientists imprisoned for their ‘global warming’ skepticism is backfiring horribly, and the chief alarmist is now facing a House investigation into what has been called “the largest science scandal in US history.”

Rep. Lamar Smith (R-TX), Chairman of the House Committee on Space, Science and Technology, has written to Professor Jagadish Shukla of George Mason University, in Virginia, requesting that he release all relevant documents pertaining to his activities as head of a non-profit organization called the Institute of Global Environment And Society.

Smith has two main areas of concern.

First, the apparent engagement by the institute in “partisan political activity” – which, as a non-profit, it is forbidden by law from doing.

Second, what precisely has the IGES institute done with the $63 million in taxpayer grants which it has received since 2001 and which appears to have resulted in remarkably little published research?

For example, as Watts Up With That? notes, a $4.2 million grant from the National Science Foundation to one of the institute’s offshoots appears to have resulted in just one published paper.

But the amount which has gone into the pockets of Shukla and his cronies runs into the many hundreds of thousands of dollars. In 2013 and 2014, for example, Shukla and his wife enjoyed a combined income in excess of $800,000 a year.

Steve McIntyre, the investigator who shattered Michael Mann’s global-warming ‘Hockey Stick’ claim, has done a detailed breakdown of the sums involved. He calls it Shukla’s Gold.

In 2001, the earliest year thus far publicly available, in 2001, in addition to his university salary (not yet available, but presumably about $125,000), Shukla and his wife received a further $214,496 in compensation from IGES (Shukla – $128,796; Anne Shukla – $85,700). Their combined compensation from IGES doubled over the next two years to approximately $400,000 (additional to Shukla’s university salary of say $130,000), for combined compensation of about $530,000 by 2004.

Shukla’s university salary increased dramatically over the decade reaching $250,866 by 2013 and $314,000 by 2014. (In this latter year, Shukla was paid much more than Ed Wegman, a George Mason professor of similar seniority). Meanwhile, despite the apparent transition of IGES to George Mason, the income of the Shuklas from IGES continued to increase, reaching $547,000 by 2013. Combined with Shukla’s university salary, the total compensation of Shukla and his wife exceeded $800,000 in both 2013 and 2014. In addition, as noted above, Shukla’s daughter continued to be employed by IGES in 2014; IGES also distributed $100,000 from its climate grant revenue to support an educational charity in India which Shukla had founded.

The story began last month when, as we reported at Breitbart, twenty alarmist scientists – led by Shukla – wrote a letter to President Obama urging him to use RICO laws to crush climate skeptics.

Shukla’s second big mistake was to send the letter not from his university address but from his non-profit, the IGES.

But his first, far bigger mistake, was his hubris in organizing the letter in the first place. It drew the attention of Shukla’s critics to something which, presumably, he would have preferred to keep secret: that for nearly 14 years, he, his family and his friends have been gorging themselves on taxpayers’ money at IGES; and that this money comes on top of the very generous salary he receives for doing much the same work at George Mason University (GMU).

It’s the latter detail which has led former Virginia State Climatologist Pat Michaels – one of the skeptics who might have been affected by Shukla’s proposed RICO prosecutions – to describe this as “the largest science scandal in US history.”

Under federal law, state employees may not be remunerated for doing work which falls under their state employee remit. As a Professor at GMU, Shukla is definitely an employee of the state. And the work for which he has most lavishly been rewarding himself at IGES appears to be remarkably similar to the work he does at GMU as professor of climate dynamics.

If GMU was aware of these extra-curricular payments, then it was in breach of its own policy on “financial conflicts of interest in federally funded research.”

If it wasn’t aware of them, then, Shukla legally may be required to send half of that $63 million in federal grants to his employer, GMU.

For many readers, though, perhaps the biggest take-home message of this extraordinary story is: Who do these climate alarmists think they are?

Perhaps $63 million in federal grants is just peanuts if you’re gorging on the climate-change smorgasbord, but for most of the rest of us, that constitutes a serious sum of money. Especially when we know it is being taken from us in the form of taxes.

Do they really feel under no obligation to spend it well?

Do they actually feel so sanctified by the rightness of their cause that they deserve to be immune from scrutiny or criticism?



The ‘Affordable Housing’ Fraud (Thomas Sowell)

The ‘Affordable Housing’ Fraud – Thomas Sowell


Nowhere has there been so much hand-wringing over a lack of “affordable housing,” as among politicians and others in coastal California. And nobody has done more to make housing unaffordable than those same politicians and their supporters.

A recent survey showed that the average monthly rent for a one-bedroom apartment in San Francisco was just over $3,500. Some people are paying $1,800 a month just to rent a bunk bed in a San Francisco apartment.

It is not just in San Francisco that putting a roof over your head can take a big chunk out of your pay check. The whole Bay Area is like that. Thirty miles away, Palo Alto home prices are similarly unbelievable.

One house in Palo Alto, built more than 70 years ago, and just over one thousand square feet in size, was offered for sale at $1.5 million. And most asking prices are bid up further in such places.

Another city in the Bay Area with astronomical housing prices, San Mateo, recently held a public meeting and appointed a task force to look into the issue of “affordable housing.”

Public meetings, task forces, and political hand-wringing about a need for “affordable housing” occur all up and down the San Francisco peninsula, because this is supposed to be such a “complex” issue.

Someone once told President Ronald Reagan that a solution to some controversial issue was “complex.” President Reagan replied that the issue was in fact simple, “but it is not easy.”

Is the solution to unaffordable housing prices in parts of California simple? Yes. It is as simple as supply and demand. What gets complicated is evading the obvious, because it is politically painful.

One of the first things taught in an introductory economics course is supply and demand. When a growing population creates a growing demand for housing, and the government blocks housing from being built, the price of existing housing goes up.

This is not a breakthrough on the frontiers of knowledge. Economists have understood supply and demand for centuries – and so have many other people who never studied economics.

Housing prices in San Francisco, and in many other communities for miles around, were once no higher than in the rest of the United States. But, beginning in the 1970s, housing prices in these communities skyrocketed to three or four times the national average.

Why? Because local government laws and policies severely restricted, or banned outright, the building of anything on vast areas of land. This is called preserving “open space,” and “open space” has become almost a cult obsession among self-righteous environmental activists, many of whom are sufficiently affluent that they don’t have to worry about housing prices.

Some others have bought the argument that there is just very little land left in coastal California, on which to build homes. But anyone who drives down Highway 280 for thirty miles or so from San Francisco to Palo Alto, will see mile after mile of vast areas of land with not a building or a house in sight.

How “complex” is it to figure out that letting people build homes in some of that vast expanse of “open space” would keep housing from becoming “unaffordable”?

Was it just a big coincidence that housing prices in coastal California began skyrocketing in the 1970s, when building bans spread like wildfire under the banner of “open space,” “saving farmland,” or whatever other slogans would impress the gullible?

When more than half the land in San Mateo County is legally off-limits to building, how surprised should we be that housing prices in the city of San Mateo are now so high that politically appointed task forces have to be formed to solve the “complex” question of how things got to be the way they are and what to do about it?

However simple the answer, it will not be easy to go against the organized, self-righteous activists for whom “open space” is a sacred cause, automatically overriding the interests of everybody else.

Was it just a coincidence that some other parts of the country saw skyrocketing housing prices when similar severe restrictions on building went into effect? Or that similar policies in other countries have had the same effect? How “complex” is that?



Whole Foods To Fire 1,500 Employees

Whole Foods To Eliminate 1,500 Jobs – Bloomberg


Whole Foods Market Inc. plans to eliminate 1,500 jobs to reduce costs and fight back against rivals that are undercutting its prices.

The positions, representing about 1.6 percent of the company’s workforce, will be eliminated over the next eight weeks, with many coming through attrition, the Austin, Texas-based grocery-store chain said Monday in a statement.

Whole Foods is working to keep expenses low so it can offer its organic and natural products at lower prices and beat back an onslaught from mainstream grocers that now carry similar offerings. The company in July reported third-quarter profit and sales that trailed analysts’ estimates as the new competition restrained growth.

Whole Foods fell 1.1 percent to $30.75 at the close in New York. The shares have slid 39 percent this year, while the Standard & Poor’s 500 Index has lost 8.6 percent.

Co-Chief Executive Officer Walter Robb called the job cuts a “very difficult decision,” and the company said it is paying the workers in full during the next eight weeks.

Whole Foods, which has about 420 locations, has seen its growth slow as traditional supermarkets carry more natural and organic fare. Wal-Mart Stores Inc. sells Wild Oats organic foods, while Kroger Co.’s Simple Truth line has reached $1 billion in annual sales.

The company is responding by opening a less-expensive, tech-focused grocery chain called 365 by Whole Foods Market. The first location is set to open next year in Los Angeles.



Obama Regime Just Weeks Away From Imposing Most Economically Crippling Regulation In History

‘Most Expensive Regulation In History’ – WorldNetDaily


The Obama administration is just weeks away from imposing a new ozone particulate standard that manufacturers say will cripple jobs and productivity in the U.S. and leave some firms and industries clinging to life.

The National Association of Manufacturers released a study suggesting the standard would cost the U.S. 1.4 million jobs and $1.7 trillion in productivity by 2040 if the standard is lowered from 75 parts per billion to 65 parts per billion. The EPA could bring it as low as 60 parts per billion, which the study projects would be catastrophic.

For business owners like Summitville Tiles CEO David Johnson, the change would be devastating. The firm is based in Ohio, which relies heavily on manufacturing for jobs and economic growth. Johnson recently wrote a column explaining what’s at stake if the Obama administration get’s it’s way.

“We have 88 counties in this state and under this new ozone standard, all 88 of these counties would be out of compliance, just by the stroke of the pen of this executive order of the president,” Johnson said.

In addition to burdening existing manufacturers, Johnson said the new ozone standard would stifle new business.

“It would essentially stop any new projects from going forward unless there were reductions in emissions in other plants in other areas,” he said. “In other words, there’s a trade-off. If you’re going to add new emissions, you’d have to reduce emissions somewhere else. So (if you) shut down a factory or a company goes out of business, then and only then would you have a permit to expand your particular operations.”

According to Johnson, American manufacturing has never received a gut punch like this from its own government.

“This is not a bill that’s been passed by Congress, hasn’t been vetted, hasn’t been studied,” Johnson said. “It’s simply President Obama and his EPA’s effort to combat what they believe is global warming. So yeah, it would be the most expensive regulation in the history of regulations.”



Obamaconomy Update: Communist China To Build High-Speed Railway From Los Angeles To Las Vegas

China, U.S. Reach Agreement On High-Speed Rail Before Xi Visit – Bloomberg


A China Railway Group-led consortium and XpressWest Enterprises LLC will form a joint venture to build a high-speed railway linking Las Vegas and Los Angeles, the first Chinese-made bullet-train project in the U.S.

Construction of the 370-kilometer (230-mile) Southwest Rail Network will begin as soon as next September, according to a statement from Shu Guozeng, an official with the Communist Party’s leading group on financial and economic affairs. The project comes after four years of negotiations and will be supported by $100 million in initial capital. The statement didn’t specify the project’s expected cost or completion date.

The agreement, signed days before President Xi Jinping’s state visit to the U.S., is a milestone in China’s efforts to market its high-speed rail technology in advanced economies. The country has been pushing the technology primarily in emerging markets – often with a sales pitch from Premier Li Keqiang – as a means to project political influence. A $567 million contract last October to supply trains for Boston’s subway system was China’s first rail-related deal in the U.S.

The agreement also represents an important victory in China’s high-speed rail rivalry with Japan, as the two countries have competed for train contracts throughout Asia. The parent company of JR Central, Japan’s largest bullet-train maker, had expressed interest in the Los Angeles-Las Vegas line several years ago, and China and Japan are both expected to bid to supply train cars for a proposed high-speed rail line in California’s Central Valley.

“This is the first high-speed railway project where China and the U.S. will have systematic cooperation,” Yang Zhongmin, a deputy chief engineer with China Railway Group, said after a news conference in Beijing. “It shows the advancement of China-made high-speed railways.”

The Los Angeles-Las Vegas project will create new technology, manufacturing and construction jobs in the region, Shu’s statement said.

Through July, China had built more than 17,000 kilometers (10,565 miles) of domestic high-speed rail lines, according to the official Xinhua News Agency.

Apart from the railway project, China National Machinery Industry Corp. and General Electric Co. signed a memo of understanding to invest $327 million to develop 60 wind power stations in Kenya, Shu said at the Beijing news conference.

During Xi’s visit starting next week, China and the U.S. are expected to reach agreements on trade, energy, climate, finance, aviation, defense and infrastructure construction, China Foreign Minister Wang Yi said Wednesday. Xi is due to visit Boeing Co.’s factory in Everett, Washington as China makes a push to build its own passenger planes.

“Economic and trade cooperation will be a major topic for president Xi’s visit to the U.S.,” Shu said in Beijing. “China and the U.S. share common interests and have solid foundation for cooperation.”



Obama’s Recovery In Just 9 Charts (Tyler Durden)

Obama’s Recovery In Just 9 Charts – Tyler Durden




President Asshat To Flush Another $120M Down “Green Energy” Toilet

Obama Pledges $120M Toward Solar Power, Clean Energy – The Hill


The Obama administration announced Wednesday morning a series of efforts worth more than $120 million aimed at boosting solar and other clean energy sources.

The initiatives focus on the Department of Energy, where the bulk of the funding will go to programs to develop solar power technology and get it into homes, businesses and other facilities.

“President Obama and Vice President Biden are committed to promoting smart, simple, low-cost technologies to help America transition to cleaner and more distributed energy sources, help households save on their energy bills, and to address climate change,” the White House said in a fact sheet outlining the efforts.

“All told, this funding will drive the development of affordable clean energy throughout the country,” it said.

The actions aim to help out solar power in 24 states, officials said.

The announcements come the same day Biden, currently considering a bid for president, is scheduled to speak at a major solar industry conference in California and at a climate change summit with U.S. and Chinese leaders later in the afternoon.

Solar power has been a top priority and talking point for the Obama administration’s energy and environmental policy priorities as officials push for an increase in low- or zero-carbon electricity sources.

The industry has expanded greatly under Obama. The White House says approximately 734,000 homes have solar panels, up from 66,000 homes when Obama took office.

But solar still only represents a small sliver of the country’s power generation. Solar produced 0.4 percent of the United States’s electricity last year.