Chriss W. Street - Page 53

The main-stream media were shocked today when U.S. job growth continued at a very strong pace in November, despite the October government shutdown that ended on October 17th.  Employers added 203,000 jobs and the reported unemployment rate fell from 7.3%

China has announced that after 34 years of restricting population growth through its one-child policy, the nation will now allow families to have two children if one of the parents is an only child.   The policy “initially produced a population

With the U.S. stock market flat from 2000 to 2007, emerging-markets were all the rage for investors, led by the China stock exchange’s 330% rise.  But when the Great Recession hit, U.S. stocks fell 50% versus the highly speculative emerging-markets

The Manhattan Institute just published an analysis of the Obamacare individual policy insurance rates which demonstrates that the average cost will rise by 41% next year.  The results are very similar to the 2009 PriceWaterhouseCoopers analysis that predicted insurance rates would rise by 47%.

In an October 30 Congressional hearing, Health and Human Services Secretary Kathleen Sebelius promised a “tech surge” will rescue Obamacare’s HealthCare.gov software by the end of November.  But a review of campaign and fundraising activities by a key executive associated with the

With Congressional budget talks heating up, the left wing of the Democrat Party is already bellowing for more government economic stimulus. This demand comes despite last year’s $970 billion of deficit spending and a 27% increase in Fed money-printing, producing

Senator Rand Paul woke up the Washington political scene on October 25th by leaking that he intends to place a “Senatorial hold” on the upcoming Presidential nomination of Janet Yellen to be the next Chairperson of the U.S. Federal Reserve, unless

Political writers are usually confused on economic issues, but Washington DC political writers just seem to parrot the Obama Administration’s talking points.  A typical example is Pete Schroeder’s and Vicki Needham’s article for The Hill Blog: “Shutdown Could Keep Fed

An eyewitness noted when thirteen railroad tanker cars carrying propane and crude oil across Alberta, Canada exploded after derailing early on October 20, “the fireball was so big, it shot across both lanes of the Yellowhead (Highway)… there’s fire on both

China’s Dagong credit rating agency on October 17th downgraded its United States sovereign credit rating to A- and maintained its negative outlook on America’s solvency. Dagong warned that despite Washington’s last-minute resolution of the debt ceiling deadlock, “The fundamental situation that the

It is fitting that Labor Day is a federal holiday, given that under a supposed wage freeze from 2010 to 2012 the average base salary for federal workers increased by 10% to $78,467. Over the same period, private sector workers’

As President Barack Obama has outwardly attempted to curtail Americans’ Constitutional Second Amendment right to bear arms, his Administration has approved huge increases in defense spending and export sales. The Administration is now seeking to eliminate stringent State Department controls

According to the Field Poll of voters, Californians uniquely remain highly supportive by a 53% to 38% margin of the Patient Protection and Affordable Care Act, commonly known as Obamacare.  Nationwide polling indicates that by a large margin, Americans strongly oppose Obamacare by 54%

The media have claimed that conservatives must become more moderate or face permanent irrelevancy after the supposedly solid liberal Millennial generation of 18-29 year olds overwhelmingly supported reelection of Barack Obama.    These dire warnings reminded me of the media

Middle Eastern and North African refugees are streaming into European Union countries fleeing widespread unrest, and many may soon try to come to America.   When the Office of the United Nations High Commissioner for Refugees (UNHCR) was established in 1951,

Mexico, which in 1938 was the first country in the world to nationalize its oil and gas sector, formally began the process to amend its constitution on August 12th to end the state-owned-monopoly for energy exploration, development, and distribution known

On the evening of July 21, al-Qaeda in Mesopotamia (AQM) attacked the infamous Baghdad Abu Ghraib’s prison with car bombs, mortars and heavy weapons.  Guards inside the prison walls were armed only with pepper spray and clubs. According to Stratfor Global Intelligence,

Unburdened by the Constitutional requirement to obtain a search warrant, those nice people at the National Security Agency (NSA) have teamed with Apple, Google and Microsoft to take time out of their busy day to capture all your party pictures from

The Canadian Royal Mounties believe that the mile-long runaway oil train that killed 20 people and left 30 missing in a small Quebec town may have been an act of criminal negligence for failing to set the brakes properly. But

Once seen as a popular uprising of the Syrian people, foreign jihadists now dominate rebel forces battling the Syrian President Bashar al-Assad. Foreign warriors associated with al Qaeda’s branch in Iraq and Lebanon assassinated Kamal Hamami, also known as Abu

When the James Clapper, Director of National Intelligence, was asked under oath at a Senate Intelligence Committee meeting in March of this year: “Does the NSA collect any type of data at all on millions or hundreds of millions of Americans?, he

The Internal Revenue Service (IRS) scandal heated up Wednesday when Greg Roseman, Washington D.C. Metro Area Contracting Officer and Deputy Director of the IRS, invoked his constitutional Fifth Amendment right against self-incrimination to avoid answering questions in front of the

Last April, I warned that China is about to suffer the mother of all banking crises, caused by wildly aggressive expansion of bank lending. Now that vicious inflation has forced the communist authorities to slam the brakes on the economy,

“Wag the Dog” is a political strategy in which a national leader starts a military operation to divert negative attention away from himself. In 1997, Hollywood produced a Robert De Niro and Dustin Hoffman movie by the same name about

With a new poll showing over three-quarters of U.S. voters, including 63% of Democrat respondents, supporting a special prosecutor being appointed to investigate the Internal Revenue Service’s targeting of Tea Party groups, President Obama is being forced to nominate Republican James B.

The reign of the United States dollar as the only reserve currency in the world may be coming to an end. Over the last five years, the U.S.-centric balance of economic and military power has been destabilized with the crumbling

The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State’s depleted pension funds when it raised over $2.2 billion with multiple bond offerings from

President Obama has violated Rule 7 of Saul Alinsky’s 13 Rules for Radicals: “A tactic that drags on too long becomes a drag. Don’t become old news.”   As Obama failed to leverage his reelection position of strength into fiscal cliff and sequester victories,

President Obama is considering naming Ernest J. Moniz as the next Secretary of Energy in apparent recognition that oil and gas development is the best potential revenue source available for the Administration to avoid the type of austerity spending cuts

Over the last two years, Federal Reserve Chairman Ben Bernanke has begun violating conservative monetary policies by funding a third of the Obama Administration’s $5.4 trillion deficit-spend-a-thon through multiple rounds of money printing, called Quantitative Easing.  After thirty years of

California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget.  Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create

Thirty years from now, historians will mark the assassination of America’s Ambassador to Libya on September 11, 2012 as a more important event than the terrorist attacks on September 11, 2001.   On “9/11,” the United States’ self-appointed role to provide

We were severely criticized last week by the left and the right for publishing “CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST.”  The report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax

The klaxon horn went off for California municipal bondholders when Moody’s credit rating service issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in large numbers

President Obama had good success at getting media coverage for using the term “Romney Hood” to slur Mitt Romney as an irresponsible and out-of-touch corporate elitist.  The President’s strategy has been to constantly be on the attack to undermine the