JohnnySavage
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It was on right before my nap.
What happened to all of the doom and gloom economic threads?
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hogjack
Permanent Pause
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JohnnySavage
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koalabear
~Armed and Fuzzy~
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Busybody
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There should be no NIGGERZ in government
THEY BEE STEW PIDS
Maxine Waters: “Over 170 Million Jobs Could Be Lost” Due To Sequester Cuts…
Errr, Maxine, there are only 134 million people working in America.
- See more at: http://weaselzippers.us/#sthash.gyGgy9KK.dpuf
THEY BEE STEW PIDS
Maxine Waters: “Over 170 Million Jobs Could Be Lost” Due To Sequester Cuts…
Errr, Maxine, there are only 134 million people working in America.
- See more at: http://weaselzippers.us/#sthash.gyGgy9KK.dpuf
RobDownSouth
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MASSIVE RECOVERY!
MARKET PULSE Archives
Feb. 28, 2013, 8:31 a.m. EST
U.S. economy grew 0.1% in fourth quarter
By Jeffry Bartash
WASHINGTON (MarketWatch) - The U.S. economy grew in the fourth quarter - but just barely - instead of contracting for the first time in three and a half years, the Commerce Department said Thursday. The U.S. expanded at a 0.1% annual rate in the last three months of 2012, better than the initially reported 0.1% drop but well below the third quarter's 3.1% pace. Stronger residential construction and an improvement in net exports pushed growth into positive territory. They offset a bigger decline in government spending than previously suggested as well as a sharper deceleration in the buildup of business inventories. Construction spending on new homes was revised up to a 17.5% increase from 15.3%. Exports fell a revised 3.9% instead of 5.7%, while imports dropped a sharper 4.5% vs. an initially reported 3.2% decline. Consumer spending was revised down a tick to 2.1%, while government spending dropped 6.9% instead of 6.6% as originally reported. Business inventories, meanwhile, grew a scant $12 billion in the fourth quarter after previous advances of $60.3 billion in the third quarter and $41.4 billion in the second. The slower pace of inventory growth subtracted 1.6 percentage points from fourth-quarter GDP. Lower government spending chopped 1.4 percentage points off GDP. Also, the government trimmed the increase in personal income in the fourth quarter to a 6.2% gain from 6.8% previously. Inflation as measured by the PCE index rose at a subdued 1.5% rate, or by 0.9% excluding food and energy. The government revises the original GDP report twice to incorporate fresh data not available for the preliminary reading. A third and final reading will come out next month.
http://www.marketwatch.com/story/us-economy-grew-01-in-fourth-quarter-2013-02-28?link=MW_latest_news
Government spending is way down, Inflation is negligible, yet the Vettebigot still whines.
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Busybody
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mercury14
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Was Bush lying when he said Iraq would cost $50-$60 billion? And that we needed to defend America against an attack by Iraq?
IrezumiKiss
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He's old, white, male, pressed and scared. Having to live in a world that changes without him or his dwindling agency of privilege damn nearly every day has got to make a red-blooded old fashioned 1950's guy shit his diapers.
But at least he's got his buddy racist shitstains to massage his toes with corn oil to calm him down and make all them popping forehead varicose veins recede.
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RobDownSouth
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His bitterness level is almost kbate-ian as well.
IrezumiKiss
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Private Prisons Cost Arizona $3.5 Million More Per Year Than State-Run Prisons
Private prisons, touted as a cost-efficient alternative to state-run penitentiaries, are not living up to their promises in at least one state. A new study of Arizona’s private prisons finds that the state is actually losing money — $3.5 million a year — by turning their inmates over to for-profit corporations.
According to the Tucson Citizen’s analysis of Arizona’s three oldest private prison contracts, the rate to hold one prisoner for one night has increased 13.9% since the contracts were awarded. Compared to the cost of state-run prisons, Arizona overpaid for its private prison beds by $10 million between 2008 and 2010.
The cost of these private prison contracts was no surprise to the legislators who awarded them. In an earlier investigation, the Citizen discovered the Legislature was well aware how expensive the private prisons were and simply circumvented a law requiring corporations to show cost savings before receiving a contract. In 2012, the Legislature repealed the requirement entirely — as well as a requirement that the state conduct a review comparing the quality of private and public prisons.
After removing any incentive to maintain facilities, the Legislature made things even easier for these corporations by guaranteeing their prisons will always be 100 percent occupied:
The documents refer to a “dispute” between the Department of Corrections and for-profit operator MTC as to whether or not the 5-year contract renewal was done in a timely manner (ADC says yes, MTC apparently said no). The negotiated settlement of this dispute consolidates 450 rated beds with 50 emergency beds into a total of 500 rated beds. These 500 beds will carry a guaranteed occupancy of 100% at a rate of $49.03 per prisoner, per day.
What’s more, this agreement was applied retroactively to October 6, 2010, effectively erasing all but three months of the reduced emergency bed per diem in the previous amendment (from July 2010). It also guaranteed that Arizona would continue to pay about three times as much for the emergency beds. In essence, ADC is handing over four years’ worth of extra money to keep MTC happy.
How much money? In the July 2010 contract amendment for the facility, the state had bargained the emergency beds down to a $12.60 per diem. Now they will be paying $49.03 per diem for the same beds. Which means that MTC is raking in an extra $36.43 per prisoner, per day. Multiply by 50 such beds, and MTC will make additional profits of $664,847.50 per year– a total of $2,659,390 through the remainder of the contract, which expires in October of 2013.
MTC made headlines in Arizona in 2010 after 2 prisoners escaped from their poorly maintained facility and allegedly killed a vacationing couple. The corporation has a long history of understaffing facilities, punctuated by inmate riots all over the country. Arizona now plans to buy back one of the MTC-managed prisons for $150,000.
In spite of the monetary and human costs, state and federal officials all over the country have embraced private prisons, perhaps because of the millions of dollars these corporations have lavished on politicians.
http://pag-asaharibon.tumblr.com/post/28877222067/private-prisons-cost-arizona-3-5-million-more-per
Private prisons, touted as a cost-efficient alternative to state-run penitentiaries, are not living up to their promises in at least one state. A new study of Arizona’s private prisons finds that the state is actually losing money — $3.5 million a year — by turning their inmates over to for-profit corporations.
According to the Tucson Citizen’s analysis of Arizona’s three oldest private prison contracts, the rate to hold one prisoner for one night has increased 13.9% since the contracts were awarded. Compared to the cost of state-run prisons, Arizona overpaid for its private prison beds by $10 million between 2008 and 2010.
The cost of these private prison contracts was no surprise to the legislators who awarded them. In an earlier investigation, the Citizen discovered the Legislature was well aware how expensive the private prisons were and simply circumvented a law requiring corporations to show cost savings before receiving a contract. In 2012, the Legislature repealed the requirement entirely — as well as a requirement that the state conduct a review comparing the quality of private and public prisons.
After removing any incentive to maintain facilities, the Legislature made things even easier for these corporations by guaranteeing their prisons will always be 100 percent occupied:
The documents refer to a “dispute” between the Department of Corrections and for-profit operator MTC as to whether or not the 5-year contract renewal was done in a timely manner (ADC says yes, MTC apparently said no). The negotiated settlement of this dispute consolidates 450 rated beds with 50 emergency beds into a total of 500 rated beds. These 500 beds will carry a guaranteed occupancy of 100% at a rate of $49.03 per prisoner, per day.
What’s more, this agreement was applied retroactively to October 6, 2010, effectively erasing all but three months of the reduced emergency bed per diem in the previous amendment (from July 2010). It also guaranteed that Arizona would continue to pay about three times as much for the emergency beds. In essence, ADC is handing over four years’ worth of extra money to keep MTC happy.
How much money? In the July 2010 contract amendment for the facility, the state had bargained the emergency beds down to a $12.60 per diem. Now they will be paying $49.03 per diem for the same beds. Which means that MTC is raking in an extra $36.43 per prisoner, per day. Multiply by 50 such beds, and MTC will make additional profits of $664,847.50 per year– a total of $2,659,390 through the remainder of the contract, which expires in October of 2013.
MTC made headlines in Arizona in 2010 after 2 prisoners escaped from their poorly maintained facility and allegedly killed a vacationing couple. The corporation has a long history of understaffing facilities, punctuated by inmate riots all over the country. Arizona now plans to buy back one of the MTC-managed prisons for $150,000.
In spite of the monetary and human costs, state and federal officials all over the country have embraced private prisons, perhaps because of the millions of dollars these corporations have lavished on politicians.
http://pag-asaharibon.tumblr.com/post/28877222067/private-prisons-cost-arizona-3-5-million-more-per
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jeninflorida
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come on now, the obama is very busy. all those golf games and vacations will not take care of themselves.
obama, the empty hat always on vacation potus
trysail
Catch Me Who Can
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Sinking— the world is voting with its feet:
http://fx.sauder.ubc.ca/cache/USD-JPY-1000-0-0-12-2440953-2456352.jpg
© 2013 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada.
Permission is granted to reproduce the above image provided that the source and copyright are acknowledged.
Time period shown in diagram: 1/Jan/1971 - 28/Feb/2013
http://fx.sauder.ubc.ca/cache/USD-CHF-1000-0-0-12-2440953-2456352.jpg
© 2013 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada.
Permission is granted to reproduce the above image provided that the source and copyright are acknowledged.
Time period shown in diagram: 1/Jan/1971 - 28/Feb/2013
http://fx.sauder.ubc.ca/cache/USD-DEM-1000-0-0-12-2440953-2456352.jpg
© 2013 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada.
Permission is granted to reproduce the above image provided that the source and copyright are acknowledged.
Time period shown in diagram: 1/Jan/1971 - 28/Feb/2013
http://fx.sauder.ubc.ca/cache/USD-CNY-1000-0-0-12-2449354-2456352.jpg
© 2013 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada.
Permission is granted to reproduce the above image provided that the source and copyright are acknowledged.
Time period shown in diagram: 1/Jan/1994 - 28/Feb/2013
Last edited:
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