Gasoline prices to stay highthrough 2012, federal agency says
Tuesday 7th of February 2012 07:24:35 AM
Posted by admin / Under Stay At Home Dad
| Gasoline prices will remain high through 2012, the U.S. Energy Information Administration says. The government's prediction Tuesday assumes significant increases in global oil consumption, oil price increases to go along with that, and even stronger profits for oil companies in the short run. But it does not mention the volatility that has beset oil markets in the last couple of weeks, driving prices to near record highs. The spikes -- driven by massive amounts of investor money electronically moving in and out of the commodities markets -- have convinced many motorists that somebody is gouging them. |
WARREN BUFFETT: Stay The Hell Away From Long-Term Bonds
Tuesday 7th of February 2012 07:24:35 AM
Posted by admin / Under Stay At Home Dad
| If Warren Buffett has one recommendation investors should follow, it's this: stay away from long-term fixed-income bets in U.S. dollars -- the dollar's purchasing power is heading south. According to Bloomberg, the Berkshire chief said in India yesterday: I would recommend against buying long-term fixed-dollar investments. If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not. I would much rather own businesses. It’s very easy to take away the value of fixed-dollar investments. |
Judge who declared Obamacare unconstitutional sends message to White House with second ruling
Tuesday 7th of February 2012 07:24:35 AM
Posted by admin / Under Stay At Home Dad
| Roger Vinson, the U.S. federal judge who ruled Obamacare unconstitutional in its entirety, has ruled again on the health-care law. On Thursday, Judge Vinson issued a stay on his earlier ruling that the law could not be enforced. In doing so, he sent a clear message to the Obama administration: Appeal my decision to a higher court or stop implementing the law. When Judge Vinson ruled on Jan. 31 that the health-care law was unconstitutional, the administration followed up by filing a motion for clarification rather than filing an official appeal. Vinson’s ruling criticized the administration for that action. “During... |
Judge Vinson’s Ruling on the Federal Government’s Motion for “Clarification.”
Tuesday 7th of February 2012 07:24:35 AM
Posted by admin / Under Stay At Home Dad
| Much has been written and said about Judge Vinson’s ruling today granting a very limited stay of his earlier declaratory ruling (which he “clarified” to have been the equivalent of an injunction) against further implementation of ObamaCare. I have little to add other than a few quotations from today’s decision; it is tantamount to a statement that the federal government acted in bad faith. [T]he defendants [federal government] had acknowledged in their summary judgment opposition brief that, if I were to find for the plaintiffs, separate injunctive relief would be superfluous and unnecessary. The defendants expressly assured the court that,... |
Judge Roger Vinson issues stay of own ruling [updated at link]
Tuesday 7th of February 2012 07:24:35 AM
Posted by admin / Under Stay At Home Dad
| U.S. District Judge Roger Vinson has issued a stay of his own ruling declaring the health care reform law unconstitutional, giving the Obama administration seven days to file an appeal. The stay means implementation of the law can proceed pending the administration’s appeal to the U.S. Court of Appeals for the Eleventh Circuit. In his ruling, Vinson repeated what he has said previously — that “the citizens of this country have an interest in having this case resolved as soon as practically possible.” “That was nearly eleven months ago,” he wrote. “In the time since, the battle lines have been... |
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