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Author Archives: R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

BEA Releases Revised 1st Quarter and Initial 2nd Quarter GDP

Bureau of Economic Analysis//  Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the “advance” estimate released by the Bureau of ...

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Budget Ceiling Crisis Update: Debt Limit Compromise Passes the House

As the commentary and reports roll out of Washington D.C., it is apparent that we are not as near to a solution as first thought. This post will be constantly updated with the newest activities on the debt ceiling. 8-1-11 7:09pm The debt ceiling compromise passes the house by a wide margin 269-161. The bill will be voted on in ...

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Proposed Natural Gas Act: Dead on Arrival in Washington

NEW YORK, July 27, 2011 — Senior energy executive Karl W. Miller is a major supporter in establishing a comprehensive energy plan for the U.S. However, Mr. Miller has advised numerous times, government handouts do not work, never have and never will. The capital markets must make investment decisions based upon supply, demand, price points and other factors. Natural gas ...

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Hold the Line!

Tea Party faithfuls are reminding Speaker Boehner that his seat as speaker is dependent upon him living up to their expectations. Expectations that the runaway spending in Washington will end under his leadership. Wearing t-shirts adorned with “Hold the Line” a large contingent of small-government activists held court at capitol hill on Wednesday. Their show of  solidarity wasn’t about dealing ...

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Mortgage Rates Inch Higher

NEW YORK, July 28, 2011 /PRNewswire/ — Mortgage rates turned course this week with the benchmark conforming 30-year fixed mortgage rate rising to 4.74 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.35 discount and origination points. The average 15-year fixed mortgage moved up to 3.83 percent, as did the larger jumbo 30-year fixed ...

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Unemployment Claims Lowest Since April

A Bureau of Labor statistics report announced that first-time applications for unemployment benefits fell to below 400,000 for the first time in three months. At 398,000, the drop has gone under the mark that many analysts feel signals recovery in the job market. No extenuating circumstances were noted in the labor report as to why the number came in so ...

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Journalists are Largely Wrong on Debt Ceiling

Going from meeting to meeting I often find myself yelling at the radio. At home, I’m shaking my head while some pundit espouses nothingness. Online is no better – the main stream media is nothing more than an expensive commercial for one political party or the other and none of them seem to be getting it right. On my way ...

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July 28th Radio Show: Debt, Norway, and possible GOP VP choices [Recorded Show Included]

Show Time: Thursday July 21st, 7pm pacific, 8pm Mountain, 9pm Central, 10pm Eastern Tune In: Plain, Hard Truth Radio Show Call in: Be part of the program – call in to the show: (424) 220-1807 Guests: Nicole Pearce and Andrew Staroska from Truth About Bills. Show Topics: Join Michelle and Rich as they take your calls on the budget crisis, the Norwegian ...

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What Failed Capitalism

The moniker of the Liberal Left is “Capitalism has Failed.” However when we had true capitalism and free market in this nation it did anything but fail. What the Liberals mean when they say Capitalism has failed, is that big “fat cats” have gobbled up all the money and left us garbling for their crumbs. Their arguments include famous enigmas ...

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They Aren’t Taking This Seriously

The debt mess is a huge mess and a whole slew of people aren’t serious about cleaning it up. Yesterday, the non-partisan Congressional Budget Office (CBO) scored John Boehner’s plan and said that it only cut the deficit by about one trillion dollars over ten years. That same office scored Harry Reid’s plan and said that it would cut twice ...

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High Inflation and Low Investment Hampers Recovery

LONDON, July 27, 2011/PRNewswire/ —  Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions survey from ACCA (the Association of Chartered Certified Accountants) has shown. Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, down from 28% three months ago, with ...

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Revolution

This past spring we witnessed the flames of revolution across the face of the Arab nations. Old leaders were thrown out and new leaders are taking over. But who are these new leaders and what is their intent? Some believe that the Muslim Brotherhood, a radical group, will be organizing and winning elections in those countries where elections will be ...

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Florida Real Estate Takes Double Dip

Government programs ending, new foreclosures starting, zombie foreclosures coming back to life and Florida’s weak employment base all add up to bad news for Florida’s real estate market for the next few quarters, says Roy Oppenheim in a video interview WESTON, Fla., July 26, 2011 — Foreclosure is the new “F” word and it’s back with a vengeance as Florida foreclosure defense ...

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New Book on Radical Islam Declares: ‘This Is the War of Our Generation!’

Dr. Jim Denison Explains to Westerners ‘Why Muslims Still Hate Us, What We Can Do’ DALLAS, July 26, 2011 — On the 10th anniversary of the Sept. 11, 2001 terrorist attacks on the United States, author and educator Jim Denison explains in his new book, “Radical Islam: What You Need to Know,” that the greatest threat our children have ever ...

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Governor Scott Creates Commission on Jobs for Floridians with Disabilities

Tallahassee, Fla. – To mark the 21st anniversary of the federal Americans with Disabilities Act (ADA), Governor Rick Scott today ordered the creation of the Governor’s Commission on Jobs for Floridians with Disabilities. According to the U.S. Department of Labor’s Office of Disability Employment Policy, people with disabilities have been disproportionately affected by the recent downturn in the economy. Between ...

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