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The Venezuelan Crisis Is Due to Economic Ignorance

The Venezuelan Crisis Is Due to Economic Ignorance

“The worst part of Venezuela’s tragedy is that it was so obviously predictable. Economists familiar with the work of Ludwig von Mises understood the necessary results of socialist policies. A sound money and freely floating prices provide a society with functioning markets that deliver the goods to the people. The market economy is true populism.” Continue reading

Turns Out Wearing a Hi-Vis Vest Gets You Into Everything for Free

Turns Out Wearing a Hi-Vis Vest Gets You Into Everything for Free

“There’s just something about uniforms that garner an almost naïve trust. People trust uniforms. Most of us obey the word of those clad in uniforms to an almost Stanford Prison Experiment-esque degree.” Continue reading

Great News For College Grads: Starting Salaries Are Finally Back To Where They Were 10 Years Ago!

Great News For College Grads: Starting Salaries Are Finally Back To Where They Were 10 Years Ago!

Tyler Durden's picture
by Tyler Durden
May 12, 2017 9:20 PM

The Wall Street Journal and others are cheering today as a new study from executive search firm Korn Ferry International found that the “average base pay for college grads this year ticked to the highest level in at least a decade.” We guess in the new millennial world that getting back to your original starting point is actually celebrated as an ‘accomplishment’.

“This has been the best year for students that I’ve seen since coming here,” said Thomas Ward, executive director of the career-services center at Adelphi University, in Garden City, N.Y., who joined the school in 2008. Some students at the school are fielding multiple job offers, allowing students to be choosier about where they ultimately land, he said. “It’s very rewarding.”

So where are new college graduates earning the most bank? Well, average starting salaries for 2017 grads are just under $50,000 but software developers, engineers and actuaries, particularly those moving to San Francisco, can be expected to outperform that average by quite a bit.

read further at
http://www.zerohedge.com/news/2017-05-12/great-news-college-grads-starting-salaries-are-finally-back-where-they-were-10-years

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Featured Image via Clipartfest

Cigarette tax fails in first House floor vote

Cigarette tax fails in first House floor vote

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Although it passed by a vote of 63 to 34, the $1.50-per-pack cigarette tax hike failed to receive the Constitutionally required 2/3rds vote in the State House this afternoon. 14 Democrats and 20 Republicans voted against the tax hike.

The vote was held open for about an hour, but leadership could not get enough votes for passage. Apparently, Governor Mary Fallin even went to the floor to try and persuade members to vote for the tax increase. She did the same thing last year, begging House Democrats (of all people) to come on board. Due to a procedural move, the measure can be voted on again.

Governor Mary Fallin responded to the vote with this statement:

“I’m disappointed in those legislators who put political games and Washington-like gridlock ahead of the lives of Oklahomans and the core services our citizens expect.

“It’s personal to those of us who have lost loved ones to smoking-related illnesses. It’s personal to teenagers in Oklahoma who would have been saved from lives of tobacco addiction if the bill had passed. It’s personal for citizens who would have received health care from the new revenue.

“I encourage all citizens to contact legislators and urge a yes vote on a smart way to protect the health of our citizens and the health of our state services.”

If Fallin, who started off the year by pushing for nearly 2.6 billion dollars in tax increases, is serious about ending smoking-related illnesses, or stopping tobacco addiction, perhaps she’ll propose banning tobacco products next? I don’t expect her to, because after all, tobacco taxes are a big cash cow. She needs people to still smoke so that their taxes can pay for things.

Oklahoma Senate Republicans pass budget plan

Oklahoma Senate Republicans pass budget plan

Senate President Pro Tem Mike Schulz and the Senate Republican Caucus unveiled their budget plan Monday afternoon at the state Capitol.

Oklahoma Senate Republicans approve responsible state budget plan

The Oklahoma Senate on Monday approved a budget plan that responsibly addresses the FY ‘18 shortfall, holds education agencies, the Department of Corrections, and the Department of Human Services harmless, and minimizes cuts to other state agencies.

“The Senate has negotiated patiently all-session long, but it’s time for the budget gimmicks to end,” said President Pro Tem Mike Schulz, R-Altus. “We were elected to lead and guide this state in a responsible manner, and that is precisely what the Senate budget does. Like we’ve said all along, the solution to this year’s budget will come via a combination of cuts to agencies, new revenues, and structural budget reforms and that’s what is included in the Senate budget. The budget reforms approved by the Senate also will put our state on more solid financial footing in the future and lets us end our work on time and avoid a costly special session.”

House Raises Retailer Tax On All Sales Taxes

House Raises Retailer Tax On All Sales Taxes

  The Oklahoma House of Representatives just passed a 1% tax on the retailers who  are required to collect and transfer sales taxes. It was a key feature of the collecting burden that our state placed on each retailer. In return for collecting and holding this money, the retailer was allowed a 1% discount for all the manpower and capital risk involved in being that agent for the state.  As a result, all retailers are now going to be held responsib […]

Read the full article at Oklahoma’s Political News service, www.SoonerPolitics.org .

Sen. Tom Coburn Decries Efforts To Raise State Taxes

Sen. Tom Coburn Decries Efforts To Raise State Taxes

  ​​“Efforts to cap itemized deductions in order to increase personal income taxes by more than $100 million on hundreds of thousands of Oklahomans directly oppose the promises by conservatives to do the tough work of going line by line through every expenditure of government and to reform government so that it lives within the current tax burden in Oklahoma, especially during a tough economy. These efforts should stop immediately.”​ &nb […]

Read the full article at Oklahoma’s Political News service, www.SoonerPolitics.org .

Comey firing justly knocks FBI off its pedestal

Comey firing justly knocks FBI off its pedestal

James Bovard, Opinion columnist 3:18 a.m. ET May 11, 2017

It’s a historically untrustworthy secret organization that needs to live under rule of law.

President Trump’s firing of FBI chief James Comey provides a welcome chance to dethrone the FBI from its pinnacle in American politics and life. Last September, Comey denounced Twitter “demagoguery” for the widespread belief that the FBI was not “honest” or “competent.”

But the FBI has a long record of both deceit and incompetence. Five years ago, Americans learned that the FBI was teaching its agents that the bureau “has the ability to bend or suspend the law to impinge on the freedom of others.” This has practically been the FBI’s motif since its creation.

read more at https://www.usatoday.com/story/opinion/2017/05/11/comey-fbi-fire-trump-russia-investigation-james-bovard-column/101506342/

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