Posts Tagged ‘energy’
On Keystone pipeline, Democratic stalwart Laborers Union finds itself outbid by one enviro-billionaire
The Laborers International Union of North America, with about 570,000 members, wants the Obama administration to approve construction of the Keystone XL pipeline. The union has a lot of clout in Democratic circles; according to the Center for Responsive Politics, it has contributed $38,089,860 to political candidates since 1989, with just seven percent of it going to Republicans.
Tom Steyer, the hedge-fund billionaire, wants the Obama administration to block construction of the pipeline. Although a relative newcomer to the political game, he has pledged to give Democrats $50 million, and raise $50 million more, to get his way.
Read more by Byron York at WashingtonExaminer.com
A few years old, but still funny if you’re not North Korean, from The People’s Cube
Many consumers in the dark about Jan.1 start of light bulb phase out
Most plan to switch to compact fluorescent lamps, some plan to stockpile incandescent 60- and 40-watt bulbs
Read more at ComputerWorld.com
It’s spring and gasoline prices are soaring in Milwaukee, a trend that has become as predictable as the sunrise.
The price for a gallon of regular gasoline in metro Milwaukee is running nearly 40 cents a gallon higher than the U.S. average price, according to AAA and the Oil Price Information Service.
The national average for a gallon of regular is $3.52. The price in metro Milwaukee is $3.90. This time last year, a gallon of regular was selling for $3.88 in Milwaukee on average.
Read more by Joe Taschler of the Journal Sentinel
If we look at what’s skyrocketed in price (healthcare, college tuition), we find they are government funded and supported. This is not a coincidence.
Inflation is generally viewed as a monetary phenomenon (print money excessively and you get inflation), but let’s use a very simple definition: any loss of purchasing power. If your income buys fewer goods and services, for whatever mix of reasons (geopolitical, weather, monetary, fiscal, etc.), that’s inflation “on the ground.”
–SNIP– What differentiates medical and college costs from everything else? The Federal government’s direct role in these markets. The Central State directly spends over $1 trillion a year on Medicare and Medicaid, and controls private spending with rules and regulations.
As for college costs: could their incredible expansion have anything to do with the Central State backing $1 trillion in student loans?
Read more by Charles Hugh Smith at charleshughsmith.blogspot.com