What’s interesting in the news today?
Open thread.
1. The Russians are promising some economic sanctions of their own.
From YahooNews “Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a “crash” if this happened.
“We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves,” said Kremlin economic aide Sergei Glazyev.
He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its “wonderful trade and economic relations with our partners in the East and South.”
They also hold a couple hundred billion of American bonds too.
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2. The Imperial President strikes again. And like the last 14 times he’s done this, it’s still illegal by the language of the bill he signed. It’s to provide cover to vulnerable Dems. It won’t work.
From TheHill “The Obama administration is set to announce another major delay in implementing the Affordable Care Act, easing election pressure on Democrats.
As early as this week, according to two sources, the White House will announce a new directive allowing insurers to continue offering health plans that do not meet ObamaCare’s minimum coverage requirements.
Prolonging the “keep your plan” fix will avoid another wave of health policy cancellations otherwise expected this fall.
The cancellations would have created a firestorm for Democratic candidates in the last, crucial weeks before Election Day.”
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3. The President has finally released his budget, which is a joke, and DOA. A nearly 4 trillion dollar budget, with 650 billion in new taxes.
From Politico “President Barack Obama’s $3.901 trillion budget would raise taxes on the rich, expand tax credits for the poor and middle class — though as of now, it merely serves as a White House wish list.
Although very little of it is expected to become law — or even be seriously considered via legislation on Capitol Hill — the president’s budget still serves as a benchmark for congressional Democrats.
It seeks $651 billion in new revenue from the rich, would formalize in the tax code a rule named for billionaire investor — and Obama supporter — Warren Buffett, cuts the size and pay of the military, and expands or creates a series of social programs the president has long touted.
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4. The Labor Force Participation Rate has fallen to a new low.
From CNSNews “The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS).
The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then.”
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5. I don’t know….
I could see why she might be afraid, but it seems an awful convenient excuse.
From TheDailyCaller “Lois Lerner fears for her life if she testifies openly before the House Oversight and Government Reform Committee Wednesday, according to her attorney.
House oversight committee chairman Rep. Darrell Issa announced Sunday that Lerner will testify at Wednesday’s hearing, but Lerner’s attorney Bill Taylor said that Lerner will seek to continue invoking her Fifth Amendment rights and will also seek a one-week delay of her testimony.
Oversight members are reportedly open to granting Lerner a one-week delay if she petitions for one in person at Wednesday’s hearing. The delay would allow Lerner’s lawyers to continue negotiating for immunity, which they have been doing since at least September.”
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