Wednesday, March 19, 2014

THE TEA PARTY ECONOMIST 03/19/2014

New Clue in Case of Missing Malaysian Jetliner
Ten days after a Malaysian jetliner disappeared, Thailand’s military said Tuesday it saw radar blips that might have been from the missing plane but didn’t report it “because we did not pay attention to it.” Search crews from 26 countries, including Thailand, are looking for Malaysia Airlines Flight 370, which vanished early March 8 with […] READ MORE
Chris Christie Turns Down Federal Obamacare Money
New Jersey Gov. Chris Christie engaged in a tense debate with an Obamacare advocate during a town hall in South River, N.J., on Tuesday, telling her the state won’t invest taxpayer dollars in a “failed federal program.” Maura Collinsgru, of New Jersey Citizen Action, accused Christie of failing to facilitate Medicaid expansion, thus getting in […] READ MORE


Gold Down As Yellen’s First Quarterly Press Release Looms
Gold prices fell on Wednesday as traders circled the wagons ahead of Janet Yellen’s first FOMC press conference later in the day, while a mining executive said everyone is worried over nothing with regards to China’s copper demand. The Federal Reserve chairwoman is widely expected to stick to the tapering plan, but investors will be […] READ MORE

White House Says Obamacare Not The Reason For People Losing Their Doctors?
White House Senior Adviser Dan Pfeiffer appears to be the administration’s “short straw” mouthpiece. With some regularity, he is handed the duty of defending the president on Sunday morning chat shows on the heels of particularly bruising news weeks. Perhaps his most memorable performance came last spring, when he bungled a series of interviews on […] READ MORE
Potential Crimea Sovereignty Change Fits With 1000 Years of European History
The borders of Europe have been static since the breakups of the Soviet Union, Czechoslovakia and Yugoslavia, and the reunification of Germany, but look set to shift shortly, if the Duma in Moscow ratifies the stated desire of a Crimean majority to quit Ukraine for Russia. But a broader perspective, taking into account the past […] READ MORE
World’s Largest Life Insurance Policy Taken Out By California Billionaire
An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy. The San Jose Mercury News reported Saturday that Guinness Book of World Record officials say the $201 million life insurance policy is more than double the previous record. A Southern California financial services company who helped put the deal together declined […] READ MORE
Embassy Library in Burkina Faso Gets $80,000 In Interesting New Additions
As reported by the Washington Free Beacon, the State Department is spending U.S. tax dollars on some interesting titles to stock the library of the American Embassy in Ouagadougou, Burkina Faso. The library, which specializes in “U.S foreign Policy, U.S. social and cultural issues, Art, Management, U.S. history, geography, the Economy, Human Rights, Press and […] READ MORE
Crimea Passes Vote To Secede From Ukraine, Likely Will Join Russia
Russia gave its clearest signal yet Monday that it plans to move fast to annex Crimea, defying U.S. and European threats of sanctions a day after a referendum in the breakaway Ukrainian region to secede passed handily. The Moscow-backed leadership of Crimea wasted no time in formally asking to join Russia following the hastily called […] READ MORE
Video: Missing Malaysian Jet Likely Hijacked By Pilots Says Wall Street Journal
A new video produced by the Wall Street Journal explains how possible sabotage to the missing Malaysia Airlines jet would have likely been conducted. According to the Journal, the first thing likely disabled was the plane’s transponder. This would have likely required unplugging circuits in the cockpit. READ MORE
A Miscommunication Leads To These Sheriffs Being Asked To Disarm
Wagoner County Sheriff Bob Colbert traveled to Oklahoma City, the state’s capitol, earlier this week with 40 other sheriffs from around the state like they do every year — to meet with politicians and lobby. Everything was going fine in the state capitol building on Tuesday. More than that, “everybody in that building knew who […] READ MORE

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