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«Headlines Updated Daily«
Thursday August 28, 2014
Made in the USA since 1998

Yes, Mr. Holder, Words Matter
Frank Salvato
In February of 2008, then-Senator Barack Obama spoke to a campaign rally crowd in Wisconsin and declared that “words matter.” In shaping the image that was the centerpiece of the “idea of Obama,” he ginned-up an air of intellectualism using the tactic of manipulating through emotion, a potent tool in the Progressive war chest. “Don’t tell me words don’t matter,” he said. “I have a dream. Just words. We hold these truths to be self-evident, that all men are created equal...Just words...just speeches.” Indeed, Mr. Obama is absolutely correct, a rare point where I agree with him. The problem is this. If we hold him to his own words, then the statements of his closest ally, Attorney General Eric Holder, must be taken literally. This is where I find myself very concerned. The events in Ferguson, Missouri, are serious on many levels. We have the death of a young man and the brutal beating of a police officer at his hand. We have a community that exists on the head of a racial powder keg, begging for a spark to light the fuse. And we have perhaps the most politically motivated – and many would say, and rightfully so, divisive – US Attorney’s General in the history of our nation in Eric Holder, injecting himself into this delicate situation and making some statements where words certainly do matter.

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When Wall Street Greed Kills
Frank Salvato
In the movie Wall Street, the character Gordon Gecko expounds to an audience of shareholders, “Greed is good.” Gecko, a Wall Street tyrant whose specialty was destroying companies for profit, eventually gets his due in the end. But there are real life market manipulators that prowl the shadows of Wall Street and in the genre of biotech the greed of the market manipulators sometimes kills. People with a cursory understanding of market manipulation understand the tactic of “short and distort.” This is a type of securities fraud in which market manipulators short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices. Sometimes this fraud is originated by a company’s competitors. Other times it is fueled exclusively by greed. And while a successful short and distort campaign may glean hefty rewards for those who perpetrate the crime, the fiscal malfeasance is often fatal for the company that is attacked. A good example of this is playing out in real time.


Blacks Must Confront Reality
Walter E. Williams
Though racial discrimination exists, it is nowhere near the barrier it once was. The relevant question is: How much of what we see today can be explained by racial discrimination? This is an important question because if we conclude that racial discrimination is the major cause of black problems when it isn't, then effective solutions will be elusive forever. To begin to get a handle on the answer, let's pull up a few historical facts about black Americans. In 1950, female-headed households were 18 percent of the black population. Today it's close to 70 percent. One study of 19th-century slave families found that in up to three-fourths of the families, all the children lived with the biological mother and father. In 1925 New York City, 85 percent of black households were two-parent households. Herbert Gutman, author of "The Black Family in Slavery and Freedom, 1750-1925," reports, "Five in six children under the age of six lived with both parents." Also, both during slavery and as late as 1920, a teenage girl raising a child without a man present was rare among blacks.

The Madness of 2008
Victor Davis Hanson
America is suddenly angry at the laxity, incompetence, and polarizing politics of the Obama administration, the bad optics of the president putting about in his bright golf clothes while the world burns. Certainly, no recent president has failed on so many fronts -- honesty, transparency, truthfulness, the economy, foreign policy, the duties of the commander-in-chief, executive responsibilities, and spiritual leadership. For those who are "shocked" at the present meltdown, of a magnitude not seen since the annus horribilis of 1979, in their defense: Obama certainly did not campaign on a new health-care plan that would force Americans to give up the doctors they liked and their existing coverage, while raising premiums and deductibles, while giving exemptions for insiders and cronies, and while raising the deficit. Nor did we hear on the campaign trail that Obama would push gay marriage, open borders, near-permanent zero interest rates, six consecutive $1 trillion deficits, and record food-stamp and Social Security disability payouts.

FED Chair’s Latest Speech:
A Shell Game With an Invisible Pea

Lee Cary
Janet Yellen’s August 22, 2014 speech at the Federal Reserve Bank of Kansas City Economic Symposium held in Jackson Hole, Wyoming was a verbal shell game with an invisible pea. The first paragraph in Yellen’s speech began with this sentence: “In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.” Then, the first paragraph ended with the admission that “…five years after the end of the recession, the labor market has yet to fully recover.” Many of the remaining 3,450 words she spoke refuted the claim of “considerable progress” and turned over multiple shells in search of the pea that explains why the labor market has not “fully” recovered. The pea remains invisible.


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