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Spain’s jobless now relying on pensioners to survive

“After a career spent repairing trains, Francisco Marcos Gallego once thought he and his wife would end their days in comfort. Instead they are struggling to support their unemployed son and his children. The couple must use their combined monthly pension of 1,300 euros ($1,760) to help feed their son Miguel, 49, who has been out of full time work since 2009, and the teenaged children who still live with him. Still suffering the effects of the economic slump triggered by the collapse of a property boom in 2008, more and more Spanish families are relying on their retired parents to survive as their unemployment checks run out and mortgage bills pile up.” Continue reading →

Obama Plugs for Gun Control in Wake of Nevada Shooting

Liberals capitalize on yet another tragedy.

Source post: http://gunowners.org/alert10232013.htm

CLC permalink: https:/?p=97468

Faber: Fed could up QE to $1 trillion a month

“Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC on Monday that investors are asking the wrong question about when the Federal Reserve will taper its massive bond-buying program. They should be asking when the central bank will be increasing it, he argued. ‘The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion], $200 [billion], a trillion dollars a month,’ Faber said in a ‘Squawk Box’ interview. Faber has been predicting so-called ‘QE infinity’ because ‘every government program that is introduced under urgency and as a temporary measure is always permanent.'” Continue reading →

How Will You Fare in the Obamacare Exchanges?

A one picture is worth a thousands words post… Source Report: How Will You Fare in the Obamacare Exchanges? [1]Quoted in Avik Roy, “Double Down: Obamacare Will Increase Avg Individual Market Insurance Premiums by 99 Percent for Men, 62 Percent for Women,” Forbes, September 25, 2013, http://www.forbes.com/sites/theapothecary/2013/09/25/double-down-obamacare-will-increase-avg-individual-market-insurance-premiums-by-99-for-men-62-for-women/ (accessed October 11, 2013). [2]U.S. Department of …

India arrests man caught smuggling gold bars in cellphone

“The Air Intelligence Unit (AIU) arrested a passenger for attempting to smuggle gold through Mumbai airport on Saturday. The passenger, Ibrahim Khaleel, was carrying four gold bars worth Rs 48 lakh. Two of the bars were concealed in his mobile phone in place of the battery. The other two were found in his bag. Khaleel landed in Mumbai from Riyadh by a Jet Airways flight. Just as he was trying to clear Customs through the green channel, AIU officials intercepted him on suspicion and asked for a thorough check.” Continue reading →

Proposition Opposition

With all the recent focus on the government shutdown, many will miss the fact that there is also an election just days away, early voting starts Monday and will run through Friday, November 1. Texas voters will decide on nine amendments to the Texas Constitution. View a sample ballot here The Texas Constitution is a large and complex document because it is rare that constitutional amendments fail at the ballot box. With this in mind it is important to … Continue reading →

International Wire Fees going up from the new remittance transfer rule

“On October 28th, 2013 international wire fees are going up. This is due to the remittance transfer rule amendment to Regulation E from the Dodd-Frank Act. Ironically, as a ‘consumer protection’ amendment, these new stipulations are suppose to help protect and disclose more information to those that are sending money abroad. The issue is that it really does the opposite of that–it simply makes international wires more expensive at the cost of those who can afford it the least. JP Morgan Chase has announced that they will no longer be offer outbound international wire services in response to this new regulation.” Continue reading →

Nix Prop 6: Public drain for private gain

Author: Terry Hall
From the Archives for We Texans
originally wetexans.com/nix-prop-6-public-drain-for-private-gain/
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Rural water raid to benefit developers, not average Texan

Have you ever had a kid ask for seconds during a meal before he’s even finished what’s on his plate? Well, that’s what the Texas Legislature is asking of voters with Proposition 6 on November 5.

Lawmakers want Texans to pass this constitutional amendment to approve more funding for water projects. A similar measure narrowly passed in November 2011 for a $6 billion revolving fund to loan money to local government entities for water infrastructure, outside constitutional debt limitations. Now in 2013, the Texas Legislature is asking voters for permission to raid $2 billion from the state’s emergency fund, known as the Rainy Day Fund, to assist local agencies of government in funding water projects from the state’s water plan.