Fresh Market set to open its doors this Wednesday!! The Journal goes in depth with Romney and Obama’s energy policies as well as how they will play a role in the next debate. We gear up for the VP debate on its way. Also a nice change of pace with a call from listener Chris from EVERGY Power solar company.
Weaver D’s possibly shutting down as well as a small prediction of the week ahead with the first presidential debate coming in Thursday.
St. Joseph’s Catholic School built, Restaurants opting to build near the new Catepillar plant denied zoning notice. DNC speaker lineup for the evening and turmoil in negative reports from manufacturing influx within U.S.
Fact checking the DNC speeches, more fact checks as compared to that of the RNC speeches. DNC still facing platform issues within the party.
There is a shift in the attention of oil production within our global industry away from the conglomerate oligopoly of OPEC. Within this month crude oil prices in the United States are settled at $90.66 per barrel. The U.S. Energy Information Administration (EIA) reported this price to be over $10 less than a year ago. This drop in prices at a time when crude oil usually jumps due to high summer demand is a sign of the United States utilizing and discovering other markets of crude oil production that are more efficient than OPEC. The EIA made out the report this month that six Persian Gulf suppliers provide just 22 percent of all U.S. imports.
Specifically, there are a few main entities responsible for the U.S. decline in OPEC demand. Canada is the top gun with its Alberta Tar Sands and the Keystone XL pipeline project that estimates to provide 400,000 barrels a day after the company responsible for the project, TransCanada, passes its reviewed route permit to the Obama Administration as well as the Nebraska State Legislature. If the permit is approved in hopefully the summer or fall of this year, then production of the line will begin promptly around 2015 as reported by the estimates from TransCanada.
With the exportation of 2,207,000 barrels of crude oil a day to the United States, Canada is the top provider of oil to the U.S. according to the EIA. Canada, as well as Brazil and Colombia have increased exports to the United States by 700,000 barrels daily and now provide nearly 3.4 million barrels a day. The actions of accessing oil reserves have veered from deep well drilling to accessing oil from less costly surface deposits such as tar sands or oil shales. More press releases are coming out of the fracking projects with oil shale rock within the Dakotas. The use of hydraulic fracturing has increased oil production in North Dakota from a few thousand barrels a day a decade ago to nearly half a million barrels today. Shale oil is closer to the surface making it more accessible and less costly to refine. Conservative reports estimate that the practice of fracking could amount to 3 million barrels a day by 2020. Utilizing smaller wells of oil is now the next move by one of the U.S.’s leading companies in oil refinement, Shell. (more…)
It’s always that case when an avid newspaper page flipper scans through the headlines as well as the meager articles in search of a story that they feel really matters to them. I for one am definitely one of these individuals. I also know there are many of you page flippers out there who just flip around and say, “oh that looks interesting….but it has too many words in it so I will just keep skimming.” I do that! I am criticizing no one. Nonetheless, a certain article struck my attention one day while I was reading the New York Times. The NY Times is a good read, especially its business section that, more than usually, contains a decent topic of discussion or in their case, journalism. That article discusses a significant platform as well as proposed legislation that is passing through the Democratic party. The legislation is the proposal of a HUGE increase in the minimum wage cap for the workers in the United States. Many states that have noticed growing economies are on the motive to begin reforming old minimum wage rates.
State legislators specifically in New York ($7.25), New Jersey($7.25), Connecticut($8.25), Illinois($8.25) and many other states are pushing to raise the minimum wage above the federal level. Massachusetts has a Senate bill right now within its state legislator with the intention of increasing the states minimum wage. Senate Bill 951 was “reported favorably by committee and referred committee on Senate Ways and Means,” within the state to progressively add to the minimum wage until it reaches $10.00 in July of 2013.
This legislation would make Massachusetts the state with the highest minimum wage, surpassing the state of Washington whose minimum wage is set of $9.04.
These legislative actions that are occurring at only state levels may soon make their way to seeing a federal debate over raising the federal minimum wage. After all it is election season and on the heels of movements such as the Occupy Wall Street as well as the demands by labor groups, Democrats in Congress may attempt the proposal of a new minimum wage referendum bill.
Athens, Ga is a city thriving on the idea of what’s “Classic”. With weekly farmers markets and under the title of having a municipal scene with local and cultural flare, Athens has made it’s mark as one of the classiest college towns in the nation.
The University of Georgia, let alone, is one of the most significant artisans of Athenian culture. Within the University itself, there lies multiple entities of local influence that still survive that provide to the students of UGA. One of these lasting entities of local business still on campus is the University Meat Sales.
The UGA Meat Sales are held weekly every Friday afternoon from 1-5 PM in the Rhodes Animal and Dairy Science building right in the heart of ECV.
Ryan Crowe, professor and lab manager for the meat sales, promotes the local uniqueness of the sales within this interview. He discusses the technique of “dry aging” meats such as beef that gives an enhanced natural flavoring to it. He also points out how this very technique is uniquely provided by the UGA meat sales because it is a technique most conventional meat marketers do not utilize in the processing of their meat products.
Professor Crowe and Dr. John Bertrand sit down with me in two separate interviews to discuss the UGA meat sales. They discuss the meat itself, ranging from beef, pork, and even lamb. Lamb, however, is a rare meat and as Professor Crowe states it is more of a “seasonal” product.
This James Report Podcast goes into an in depth summary of the new 2013 fiscal Budget Plan proposed by the Obama Administration to the United States Congress. This plan is loaded with multiple proposals and practices that have been mentioned in the administrations previous plans and acts such as the American Jobs Act, the Affordable Care Act, the Budget Control Act, and the Deficit Reduction Plan given to the Joint Committee of Deficit Reduction.
The deadline is closing near. The Joint Committee of Deficit Reduction has to make a deal or automatic cuts to the federal government will ensue. Tune in to the James Report Podcast and get some info about the Committee as well as how critical its decision is to you.
President Barack Obama has issued close to 100 executive orders since taking office in 2009. One of his earliest criticized orders was his order to close the Guantanamo Bay camp. Approximately 90 or so executive orders later President Obama has released more than 5 executive orders in the past two months. Most of these orders are being heavily publicized by the Obama Administration as being apart of President Obama’s “We Can’t Wait” campaign to move around Congress in order to implement the policies of his administration. The attempts by the president to enact multiple executive orders shows great tension between the executive and legislative branches of our government. Although policies are coming out of the administration, are the means by which the President is executing them truly ethical to the standards of presidential power?
Last Monday, President Barack Obama announced his $3 trillion deficit reduction plan to the American public. In addition with the promise of the Budget Control Act signed last month, the total amount of deficit reduction for the next ten years is estimated to be close to $4 trillion. Plans for the Joint Committee of Deficit Reduction are to reduce the deficit by $1.5 trillion, also spending cuts will occur by the range of $1.1 trillion as the US begin drawdowns from military activity in Afghanistan and Iraq. Lastly, Obama plans to provide $580 billion cuts in mandatory spending programs and $320 billion to health programs at the Federal level.
The major new programs in affect from this plan range from the Buffett Plan of tax increases on the $1 million income Americans, to the Pathways Back to Work Fund proposed in the American Jobs Act.
Obama’s main points of discussion for his deficit reduction plan were taxes for business and spending cuts brought out from the Joint Committee of Deficit Reduction. Obama gave five key principles to Congress about tax reform ranging from:
1. lower tax rates
2.ending of inefficient tax breaks
3.cutting the deficit by $1.5 trillion
4. increasing job creation and growth
5. observing the Buffett Rule
Some significant arguments of Obama’s deficit plan is that it contains no cuts to spending in Social Security. Furthermore, the revenue funding provided in the Buffett Plan is under heavy criticism by Republicans. Do you feel that some cuts to Social Security should be debated into the plan? Does the Buffett Plan seem beneficial? Do you agree with a tax hike on over $1 million income Americans?
In the American Jobs Act, Obama is targeting creating jobs for teacher, construction workers, and provided funs for infrastructure.
An interesting proposal in the job plan is to urge small businesses to hire the unemployed. Under the American Jobs Act, employers will receive a tax credit of $4000 for hiring workers who have been unemployed and looking for a job for over a 6 month period. The tax cuts for businesses that were passed last December are planned to continue. Two more proposals from the Act are to provide a payroll tax cut to businesses by extending the payroll tax cut to firms by cutting HALF their payroll tax on the first $5 million in payroll. The next proposal would be to establish a payroll tax holiday for new jobs or wage increases.
Do you think these payroll tax cut incentives will stimulate a rise in jobs and a decline in unemployment?
The deficit plan and American Jobs Act highlight multiple cuts and loophole changes. For more information, check out the video clip and documents below that link to the White House document.