Chicago Sun-Times Lays Off Entire Photo Staff

-By Warner Todd Huston

In yet another example of the retrenching in the national media landscape, the Chicago Sun-Times has laid off its entire photography staff and plans to replace them with freelancers.

Chicago radio reports say that the Sun-Times intends to “focus on video” instead of still photography.

The Chicago Tribune reports that its rival laid off 20 full-time staffers and posted a statement from the Times

The Sun-Times business is changing rapidly and our audiences are consistently seeking more video content with their news. We have made great progress in meeting this demand and are focused on bolstering our reporting capabilities with video and other multimedia elements. The Chicago Sun-Times continues to evolve with our digitally savvy customers, and as a result, we have had to restructure the way we manage multimedia, including photography, across the network.

Erika Enigk Grotto, the spouse of one laid-off Times photographer said that her husband was told that reporters will now be tasked with using their own cell phones to take photos to accompany articles.

The Chicago Sun-Times has been cutting deep into its budget for some time.

In a strike of bitter irony, on the same day the paper announced it was firing all its photographers, the Sun-Times printed the obituary of its long-time chief photographer Bob Kotalik.
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Chicago Sun-Times Lays Off Entire Photo Staff”


NYTimes Weeps for the Obamacare Lobbyists

-By Warner Todd Huston

The New York Times is exasperated with the lack of progress in Congress of “fixes” to the massive and far reaching Patient Protection and Affordable Care Act, also known as Obamacare. This exasperation has evinced itself in an odd way as the Times seems to be expressing sympathy for lobbyists and businesses trying to make changes to the law.

In a May 26 piece by Jonathan Weisman, the Times complains of gridlock, scolds Republicans for wanting to repeal the massively intrusive law, and highlights the hard work ahead of the lobbyists campaigning for changes.

Interestingly, the paper admits that Obamacare is both deeply flawed and was passed in 2010 without due diligence by Democrats.

The paper, though, dismisses those flaws as important and points out that most laws of this size go through bouts of revisions and “technical corrections” after passage. In short order the paper goes on to express its heartfelt sympathy with lobbyists seeking those changes.

“But as they prowl Capitol Hill,” Weisman writes, “business lobbyists like Mr. DeFife, health care providers and others seeking changes are finding, to their dismay, that in a polarized Congress, accomplishing them has become all but impossible.”
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NYTimes Weeps for the Obamacare Lobbyists”


Yahoo to Buy Tumblr for $1.1 Billion

-By Warner Todd Huston

Yahoo, Inc. has announced that it has cleared the way to purchase the social website Tumblr for a cool $1.1 billion.

The Yahoo board approved the deal in a conference call on May 17, but by Sunday, it wasn’t clear whether Tumblr had accepted the offer. Yahoo reports that it will hold a press conference as soon as Monday to make an announcement on the matter.

Tumblr, a social media site that combined blogging with a sharable, crowd sourced platform, was founded by David Karp and Marco Arment in 2007 and built a quick following.

Already many Tumblr users are lamenting the decision to sell out to Yahoo. On May 19, the website Mashable posted a piece about the “upheaval over Yahoo’s rumored Tumblr acquisition” revealing some users disgust at Tumblr for selling out to the corporate giant.
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Yahoo to Buy Tumblr for $1.1 Billion”


Square Mobile Payment Systems Modifies User Agreement to Prohibit Gun-Related Purchases

-By Warner Todd Huston

Square payment services is one of those new payment applications that merchants can put on a smart phone and, along with the plug-in hardware, is used like a credit card swipe machine to accept payments made by their customers. This month, however, Square has changed its user policy and is now prohibiting merchants from using the service to sell anything firearm related.

The new user agreement has altered its “Your Square Account” section to add a new category for things that Square won’t allow its service to be used for.

The new prohibition reads: “(23) sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons and other devices designed to cause physical injury.”

This is the next battle for gun owners to fight. Liberals and anti-Constitutionalists continue to lose with efforts to curtail our freedoms via Congress and the courts so they are attacking our credit, banking, and sales sectors attempting to scare them into putting an end to the selling of firearms and firearm related items at the retail level.

Another area of attack comes in the field of investments. Some Democrats and anti-gun zealots are targeting investment firms that hold stock in gun companies. Others are trying to intimidate cities and individuals into pulling investments out of gun companies.
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Square Mobile Payment Systems Modifies User Agreement to Prohibit Gun-Related Purchases”


Feds Killing Off Private Bus Lines Based on Fraudulent Study

-By Warner Todd Huston

The story of the coming demise of Chinatown bus lines in New York City is a tale of multiple failures in both government and the media and shows that both have a bias against entrepreneurs that kills new, start up ideas with unfair regulations, faux public advocacy, and dismal reporting.

A “Chinatown buss” was a new idea in the late 90s pioneered by Chinese immigrants in the Big Apple. These were private buses that cruised the streets looking for fares like cabs do, picking customers up at curbside, not having fixed bus stops or routes, and going where ever the customer wanted to go within a defined area of the city. Because they originated in New York’s Chinatown area, they became known as “Chinatown busses.”

Unfortunately, their success led to their downfall when nosey politicians like Senator Chuck Schumer began to take notice of them. Schumer and other New York pols began to call for a crack down on the busses and started looking to hit them with an avalanche of stifling regulations meant to “save lives.”

To assist Schumer in that jobs-killing endeavor the National Transportation Safety Bureau jumped to conduct a “study” of the safety records of Chinatown busses and purported to have found that these busses had a death rate “seven times higher” than that of other services.
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Feds Killing Off Private Bus Lines Based on Fraudulent Study”


Optional Medicaid Expansion: Considerations Facing the States

Across the country, state governments have been considering whether to expand Medicaid coverage as envisioned by the Affordable Care Act (ACA or “Obamacare”).

To help break down what’s at stake, a new video—based on a recent study by Mercatus Center scholar Charles Blahous—reviews the key factors states must consider in this complex decision.

View the study and learn more at Mercatus.org.


Obama’s Rogue Union Board Dealt Major Setbacks

-By Warner Todd Huston

Upon coming to office, President Obama began using the obscure National Labor Relations Board (NLRB) to give big payoffs to unions at the expense of business and to the detriment of our economic recovery but at last his incredible abuse of this agency is under scrutiny.

By and large, NLRB is not one of those Washington agencies that get much notice. In normal times, that wouldn’t be a big deal. The NLRB is a federal agency controlled from the White House that is supposed to act as an unbiased arbiter between the business sector and labor unions, its chief job to write rules to govern how business and labor relate to each other. But since President Obama took office he’s thrown out any pretense of his board being an unbiased arbiter and used this obscure agency to implement all sorts of illicit, union-favoring rules at the expense of business and economic recovery and often in direct violation of what the courts have ruled.

At long last, though, Obama’s NLRB is seeing its assumed powers questioned. The most recent reversal of fortunes occurred on April 7 when the D.C. Circuit Court of Appeals struck down the NLRB’s poster rule with U.S. Circuit Judge A. Raymond Randolph ruing that the NLRB had exceeded its legal authority to force over 6 million employers to post signs advertising unions to employees.
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Obama’s Rogue Union Board Dealt Major Setbacks”


Last Year, Media Ridiculed Claims IRS Targeted Conservatives

-By Warner Todd Huston

During the 2012 presidential campaign, many conservatives complained that the IRS was targeting them for harassment, some even claimed that Obama had an “enemies list.” During that time the progressive media complex ridiculed these claims but now the IRS itself has come forward to “apologize” for just the sort of behavior that conservatives accused it of during the late campaign for president.

The New York Times, led the way last year not only dismissing claims that the IRS was acting in a partisan manner by saying that the IRS was just doing its job, but the so-called paper of record went further calling for the taxing agency to step up its efforts to an even higher degree.

In another report, the Times attempted to spin the whole discussion as little else but a Republican effort to create a false political narrative.

Huffington Post joined that line of attack with a piece by Dan Froomkin who similarly praised the IRS for its targeting of political groups and insisting that more be done.

Froomkin additionally reported that everything the IRS was doing was “perfectly normal and appropriate.”
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Last Year, Media Ridiculed Claims IRS Targeted Conservatives”


NYTimes Still Excusing IRS Audits of Conservative Groups

-By Warner Todd Huston

On May 10, a spokeswoman for the Internal Revenue Service admitted that over the last year–during the presidential election, at that–the agency had conducted “overzealous audits” of the tax-exempt status of dozens of conservative activists and Tea Party groups. Last year The New York Times dismissed claims that the IRS was abusing its powers but even with these new admissions by the IRS the Times is underplaying the facts.

Last year several conservative groups began to notice that they were getting audited an awful lot and some banded together with Jay Selkulow’s American Center for Law and Justice to call for an investigation into the matter. Sekulow accused the IRS of launching a campaign intended to stifle free speech. At the time, Landmark Legal Foundation also demanded that the IRS conduct an investigation into agency misconduct.

Not long thereafter the Times ridiculed complaints made by conservative groups saying that the IRS was just doing its job.
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NYTimes Still Excusing IRS Audits of Conservative Groups”


INFOGRAPHIC: Internet Sales Tax Is Bad for Everyone

By -Kelsey Harris The Heritage Foundation

Speaker John Boehner (R-OH) told Bloomberg Television Wednesday he would “probably not” support the Marketplace Fairness Act, an Internet sales tax bill that passed through the Senate this week by a 69–27 margin.

“Moving this bill where you’ve got 50 different sales tax codes, it’s a mess out there,” Boehner said. “You’re going to make it much more difficult for online retailers to be able to comply.”

Small business owners all over the country agree–and they’re speaking out.
Matthew Sorrell, co-founder of Infinity College Bookstore, an online used textbook store, is worried about his company’s ability to keep up with the 9,646 tax jurisdictions in the United States.

“I might have to go through all the transactions that we’ve had every month and figure out based on the ZIP Code that the book was shipped to what jurisdiction they’re in and then remit the tax to each one,” Sorrell told The Wall Street Journal.

Sorrell is just one of many small business owners who are frustrated by the complexity and high costs associated with the Internet sales tax. We put together this infographic to highlight some of their concerns.


AFL-CIO Speaks Out Against… Our Military Vets?

-By Warner Todd Huston

Apparently, the haters at the AFL-CIO decided that military veterans shouldn’t be allowed to take jobs offered by Walmart.

Recently Walmart announced a program to hire 100,000 military vets as a “welcome home” gift when they return from service. This brought the anti-veterans at the left-wing, anti-business union to the height of pique.

In a new statement, AFL-CIO President Richard Trumka–a man with a long history of violence and murder–took a stand against our veterans.

Walmart’s recent announcement of a plan to hire returning honorably discharged veterans is more about public relations than honoring our heroes. That this effort was valorized by President Obama and Vice President Biden reflects an acceptance of economic failure out of line with America’s history or future.
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AFL-CIO Speaks Out Against… Our Military Vets?”


Store Owner Installs $350K of Surveillance to Stop Frivolous Lawsuits

-By Warner Todd Huston

Supermarket owner Rafael Cuellar from Passaic, NJ, reports that he had to spend $350,000 to install 69 surveillance cameras, recording devices, and video storage banks in order to stop fake “slip and fall” insurance claims against his store. It’s a cost that just adds to the cost of living for everyone and is a perfect example of the abuse of the legal system that we see every day with this avalanche of frivolous lawsuits.

While the cameras also help Mr. Cuellar track and prevent shoplifting–another expensive problem in retail–the main purpose of the cameras, he says, is to stop abusive, frivolous lawsuits lodged by unscrupulous crooks pretending to be customers.

“Yesterday alone we had a consumer who came back in [the store] and claimed she fell,” Mr. Cuellar recounts in the video, Supermarket Swindle (seen below). “Once the loss-prevention director said, ‘Let’s pull it up on the camera,’ she goes, ‘No, I just twisted my ankle.’ And the story changed all of the sudden.”

Cuellar spent half a million dollars to prevent being inundated with these frivolous lawsuits. Imagine what he could have done with that money if he didn’t need to waste it in such a manner. He’d have been able to expand his business, advertise more, hire more people, or even do more for the community.
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Store Owner Installs $350K of Surveillance to Stop Frivolous Lawsuits”


MSNBC’s Toure: Let all Muslims into the US Because Muslim Poverty ‘Threatens Our Security’

-By Warner Todd Huston

MSNBC talker Toure thinks he has discovered a key security flaw in our nation’s policies and has suggested a solution. Poverty in the Muslim world, he says, is a key threat to U.S. security and to nullify that threat we should open the borders wide and let all Muslims come here to get jobs so that their poverty can be alleviated.

Toure offered the rather startling suggestion during MSNBC’s The Cycle on May 6.

The Cycle co-host began his segment informing viewers that he is now “embracing the open borders movement” going on to note that “We already have open borders for large corporations.”

If globalism and open borders is “good for the global corporate rich guys,” he asked “why isn’t it good for people, especially the working class”?
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MSNBC’s Toure: Let all Muslims into the US Because Muslim Poverty ‘Threatens Our Security’”


What is the difference Between Obama’s Economy & Texas?

-By Warner Todd Huston

This chart doesn’t really even need much commentary. The high growth policies of Texas compared to the high unemployment and Great Depression level mess in the rest of the country (or Obama’s America) is just too obvious.


Click to embiggen!

(H/T Williams and Canman’s Musings.)


Soft Drink Mountain Dew Pulls Ad Over Charges of Racism

-By Warner Todd Huston

PepsiCo, Inc, owners of Mountain Dew soda, has pulled an online video ad after viewers complained of its use of racial stereotypes. The ad also seemed to be making light of violence toward women.

The video ad begins by showing a police lineup of various thug-like African Americans–among them a goat–and transitions to the other side of the glass as a retinue of white cops urge a bloodied, bandaged women to identify her attacker. “Nail this little sucker. Which one is he? Point to him,” the cops say.

The goat is heard saying menacingly “ya better not snitch on a playa” using African American-like vernacular. The goat also warns the woman that “snitches get stitches, fool.” The goat then threatens several times that the battered woman should “keep ya mouth shut.” The goat also tells the women he’s gonna “Dew” her.

Ultimately, the woman runs from the viewing room screaming in terror. This is followed by the white policeman taking a sip of the soda before saying, “She’s just gotta Dew it.”

It wasn’t long before complaints over the racial connotations in the video flooded PepsiCo’s offices.
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Soft Drink Mountain Dew Pulls Ad Over Charges of Racism”


Newspaper Union Declares Koch Brothers Unfit to Own Newspapers

-By Warner Todd Huston

On the heels of reports that “half” the staffers at the L.A. Times would resign if the paper was sold to conservative billionaires the Koch brothers, the Newspaper Guild–Communications Workers of America, a journalist labor union, have issued a statement declaring the pair unfit to own a newspaper.

At the end of April, reports on an in-house awards ceremony held at the Los Angeles Times revealed that half the staffers in attendance claimed that they’d instantly resign if their paper was sold to Charles and David Koch, the brothers who have funded many conservative and libertarian causes.

It wasn’t long until the newspaper guild released a statement urging the paper’s owners to refuse to sell the the Kochs and claiming that the brothers “breed distrust” because of their “harsh right-wing positions.”

Naturally, none of these “harsh opinions” were detailed but were just taken for granted–an interesting position to take for a group claiming to have “integrity” in reporting.
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Newspaper Union Declares Koch Brothers Unfit to Own Newspapers”


Infographic: Obama’s Red Tape Rising

Kelsey Harris and Diane Katz, The Heritage Foundation

Regulatory costs skyrocketed in the first term of the Obama Administration, which added nearly $70 billion to the already excessive annual burden of government do’s and don’ts. Virtually every aspect of Americans’ lives is controlled to a varying extent by regulation, including how we light our homes, wash our clothes, fuel our cars, feed our families, and obtain our health care.

The consequences are dire: less investment and innovation, fewer jobs, and the erosion of fundamental freedoms.

In a new report, Red Tape Rising: Regulation in Obama’s First Term, our experts detail the number and cost of these many new rules. We put together this infographic to help understand how these costly regulations affect our lives—and pockets.


Leftist Lies Against Koch Brothers in Lee Fang’s New Book

-By Warner Todd Huston

Lee Fang has cobbled together a new book ostensibly meant as a guide to things that conservative activists are doing for their cause and in his chapter on the Koch brothers he regurgitates dozens of un-sourced lies that have little basis in fact even as he presents them as fact.

Firstly we must dispense with any pretense that Lee Fang is anything but a screedist, a young fellow whose only goal is to churn emotional hatred against conservatives. He isn’t interested in truth or facts and his style is to just spin loose associations into grand conspiracies in order to push his narrative.

Fang is so bad that he has had to be scolded by his own publishers for his lies. He “writes” for the left-wing magazine The Nation and why they continue to employ him after his years of outright lies is anyone’s guess.

Take Fang’s April 22 piece on how climate “reform” was “poisoned from the inside.” His piece was so filled with innuendo, lies, and distortions that The Nation had to post a three-paragraph disclaimer telling readers that everything they wee about to read was essentially untrue. This warning to the reader was half as long as Fang’s piece!

Anyway, in a Washington Free Beacon article amusing titled “Half Baked,” Lachlan Markay does a great job deconstructing Fang’s latest lies about the Kochs
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Leftist Lies Against Koch Brothers in Lee Fang’s New Book”


The CA Bill That Would Shut Down Every Small Restaurant

-By Warner Todd Huston

The State of California has one of the worst proposals of any legislature in the country this year with a new bill that would force every restaurant and food service business in the state to commission an expensive “risk assessment” test for every menu item, a test that could cost thousands of dollars for every food item sold. This outrageous and cost prohibitive testing would certainly cause all but the biggest chain restaurants to go out of business almost instantly.

In another exercise in nanny-statism, California’s State Senate Democrats want this “risk assessment” conducted to determine whether food being sold “contributes significantly to a significant public health epidemic.”

The bill, Senate Bill 747, is an addition to the current health and safety codes and is currently set for a hearing on April 17. It was written and introduced by Sen. Mark DeSauliner (D, Concord).

The introduction of the bill clearly says that the law would require the food service companies to pay the state for the testing in order to fill state coffers and notes that without the assessment, the state would have the right to shut an offending restaurant down.
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The CA Bill That Would Shut Down Every Small Restaurant”


Obama’s ‘Poverty Plagued’ America

-By Warner Todd Huston

In a stinging indictment of President Obama’s tenure in the White House, at The Daily Beast Stuart Stevens slams President Obama for the devastating “new normal” that his failed economic polices have brought to the country. Stevens also blames the Old Media complex for ignoring the pain inflicted on America by those same failed policies.

Stevens begins his April 9 piece relating the sort of economic facts that the rest of the media conveniently ignore. He points out that even as the administration claims that unemployment is only around 8 percent, so many people have dropped out of the work force that the unemployment stat is but a hollow representation of the true unemployment rate.

He also points out that 16 million Americans have been added to Obama’s food stamp rolls since 2008, “a 46 percent increase and greater than the population of Ohio,” Stevens says. “More than 50 million Americans now live in poverty. That’s one in six Americans, and one in five American children.”

This, Stevens says sharply, is the worst since LBJ was president and it was so bad then that the Texan launched a “war on poverty” to try and cure it.
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Obama’s ‘Poverty Plagued’ America”


Lawyers: Obama-Supported Fisker Motors Layoff Violated Law

-By Warner Todd Huston

Despite millions if federal loans, last week luxury hybrid car maker Fisker Automotive fired 80% of its employees at its California-based company. But now those employees hired the same law firm that sued “green energy” company Solyndra to charge that Fisker violated state and federal laws with the layoffs.

On April 5, Breitbart reported that Fisker Automotive, Inc. laid off up to 80% of its employees due to a cascade of major errors and bad business decisions even though President Obama pumped millions in federal tax dollars via loan guarantees into the company starting in 2011.

Fisker’s employees were already on a two week furlough when upon coming back to work were told they would be laid off. Employees reported they had received no severance package but did receive pay for vacation time earned.
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Lawyers: Obama-Supported Fisker Motors Layoff Violated Law”


Supernanny Cass Sunstein’s ‘Friendly Paternalism’: It’s For Your Own Good, America

-By Warner Todd Huston

Cass Sunsetein, one of President Obama’s leading left-wing, university eggheads, has penned an interesting piece in New Republic explaining how the nanny state is really a very important and useful aspect of today’s modern Democrat scheme. It’s for your own good, don’t you know?

Launching his April 8 piece, “Why Paternalism Is Your Friend,” Sunstein evokes New York Mayor Michael Bloomberg’s (mostly failed, not that Sunstein says so) nanny state efforts to take away his constituents’ freedom on such things as trans fats, sodas, and guns. Sunstein points out that to his mind, all this “paternalism” isn’t so bad after all. Throughout his piece Sunstein eschews nannyism for “paternalism” because it sounds nicer, of course. Optics, you know?

As an example of useful paternalism, Sunstein praises Obama’s demand that the auto industry once again up its CAFE standards saying that the new requirements would “save money” for everyone and “who could be outraged by that”? Naturally Sunstein simply accepts Obama’s pie-in-the-sky claims and simply assumes the new standards will actually have the impact Obama claims it will.

Sunstein ignores the fact that in many cases the technology doesn’t even yet exist to satisfy Obama’s draconian fuel economy demands. He also ignores many other facts. Such as the fact that one of the easier ways to achieve the new standards is to make smaller, lighter, and more dangerous vehicles. Americans would end up with tiny cars that go slower and have less resistance to accidents making drivers and passengers less safe on the road. Should people be outraged about that, Mr. Sunstein? In his zeal to give Obama all credit, Sunstein apparently doesn’t think so.
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Supernanny Cass Sunstein’s ‘Friendly Paternalism’: It’s For Your Own Good, America”


CNBC Copies Fox Business Network With Houston, TX Coverage

-By Warner Todd Huston

Well, when I said that CNBC’s business coverage was “playing catch up” with Fox Business Network, I didn’t know how close to the truth I had it as this month, CNBC copied FBN’s coverage from last fall of the amazing growth that Houston, Texas has seen over the last few years.

Back on September 20 of last year I noted that Fox Business Network’s Melissa Francis hosted a tour of the growing Texas economy in a series of reports FBN titled “Open for Business in Houston.”

At that time, Francis told the Houston Business Journal how amazing the business climate was down in Texas.
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CNBC Copies Fox Business Network With Houston, TX Coverage”


Fisker Motors Meltdown, Fires 80% of Staff

-By Warner Todd Huston

Fisker Automotive, Inc., the much-celebrated maker of luxury electric cars, has announced that it is firing 80% of its employees after failing to finalize an investment deal.

The manufacturer of the rechargeable Karma auto informed 160 workers of the layoffs coming to the Anaheim, California-based company. Fisker was said to have employed 200 before this week’s announcement.

This is only the latest blow to the “green” auto company. Only last month the company’s name-sake, Henrik Fisker, resigned over “unspecified” disagreements with other executives and the company stopped production of its cars after its lithium-ion battery supplier declared bankruptcy.

The battery company, A123 Systems Inc., declared bankruptcy in October of last year despite the millions in in tax dollars pumped into the company by President Obama.

According to Bloomberg, Fisker has retained the services of Kirkland & Ellis LLP to explore a restructuring of the company.
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Fisker Motors Meltdown, Fires 80% of Staff”


VIDEO: The False Claim that Women Only Earn 77 Cents To a Man’s Dollar

The truth is women make pretty much the same as men when “apples” are compared to “apples”…

the Independent Women’s Forum, in a continued effort to set the record straight about the real reason for the statistical difference between men and women’s earnings , releases an informative, stop-frame animation web video — Straight Talk About the Wage Gap. The video explains how women’s choices ultimately determine how much they earn and how government intervention in the workplace can backfire on women.

http://www.iwf.org/


Eagle-Killing, Investment-Wasting ‘Renewable’ Energy

-By Warner Todd Huston

The “Green Energy” sector has been hit with a series of setbacks over the last few years. From a wind farm being cited for killing an endangered eagle, to solar energy’s tumble from investor favor over dismal performance, to a growing list of companies gone bankrupt even after President Obama pumped millions of our tax dollars into them, the so-called Green Energy sector has certainly seen better, more hopeful days.

In the realm of farce, a wind farm in Nevada finds itself at an unfortunate crossroads of political correctness. Even as the wind farm in White Pine County, Nevada is a favored “Green Energy” nirvana, the company that runs it is under threat of sanctions by the federal government. Why? Because a protected Golden Eagle flew into one of the farm’s turbines killing itself.

Now, San Francisco-based Pattern Energy is awaiting a decision from the feds on whether or not they will have to pay a $3,000 fine for killing the endangered bird.

But as the President might say, that is but “a bump in the road.” Worse than the death of a protected eagle, a recent analysis reveals that the bottom has fallen out of solar energy investments.
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Eagle-Killing, Investment-Wasting ‘Renewable’ Energy”


New York Investigating Anti-Fracking Lobbying by Yoko One, Mark Ruffalo, Robert De Niro

-By Warner Todd Huston

A formal complaint has been filed with a New York lobbying board to investigate whether Yoko Ono, Robert De Niro and nearly 200 other celebrities have violated state laws with their Artists Against Fracking activist group.

Celebrities are well known for dabbling in social activism whether what they have to say makes sense or not and the recent cause célèbre is the anti-fracking movement. Along with Yoko Ono, actors Mark Ruffalo and Robert De Niro, and ex-Beatle Paul McCartney, the movement has drawn the support of some 200 celebrities all donating time and money to stop efforts toward American energy independence.

The group has sponsored rallies and concerts and on it’s website the celebrity group urges visitors to “Tell Governor Cuomo Don’t Frack New York!”

Pushing the issue on a national TV audience, Ono and son Sean even appeared on Late Night With Jimmy Fallon to sing a somewhat ridiculous anti-fracking song at the end of January.
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New York Investigating Anti-Fracking Lobbying by Yoko One, Mark Ruffalo, Robert De Niro”


Smith & Wesson Reports Soaring Earnings

-By Warner Todd Huston

Famed American gun manufacturer Smith & Wesson has reported that earnings tripled in its most recent quarter. The company also said it looks forward to continued high sales into the next several quarters.

S&W reported this week that it earned $17.5 million in the quarter that ended on January 31. This is up from $5.4 million during the same quarter in 2012.

The company was projecting an earning of 23 cents per share but realized 26 cents as sales jumped 39 percent to $136.2 million.

The stock has gained 21 percent this year, but had fallen 2 percent in recent trading despite the growth in sales.

Industry analysts expected total earnings to be some $561 million and the company is projecting between $575 and $580 million.

S&W also noted that it has been at manufacturing capacity for the last year.
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Smith & Wesson Reports Soaring Earnings”