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Winner of Presidential Race Predicted

Aug 23, 2012, 10:18 am EDT
Winner of Presidential Race Predicted

There are plenty of polls, statistical models, and political pundits trying to handicap this fall’s presidential race between President Barack Obama and Republican challenger Mitt Romney. A recently released prediction model, with an outstanding track record, goes against what many of those polls are currently saying.

According to a forecast model created by two University of Colorado professors, Mitt Romney will wind up winning the fall election, earning 320 electoral votes to Obama’s 218. It takes 270 votes to clinch the presidency. This flies in the face of current polling and predictions, which show Obama with a slight lead in most polls and with a more advantageous electoral vote base to build towards 270 electoral votes.

The University of Colorado model takes into account economic factors from all 50 states. Their model is the only one that factors in more than one state-level economic indicator — both national unemployment rates and per capita income. Based on their model, Romney would win every state currently considered a swing state — Florida, Virginia, North Carolina, Ohio, Pennsylvania, Wisconsin, Minnesota, New Hampshire and Colorado — en route to winning the White House. Read 

Homebrewers Demand Obama’s Beer Recipe

Aug 22, 2012, 2:20 pm EDT

Freedom of Information Act (FOIA) requests to access government documents are pretty common in Washington. But probably none has been filed over beer until now.

The government has received a FOIA request from a beer aficionado, demanding to know the ingredients in the White House-brewed beer President Barack Obama carries with him on his presidential campaign, Fox News notes.

Named Honey Blonde Ale and Honey Porter, the White House beer is made with equipment purchased by the president and his wife, and uses honey from the First Lady’s White House garden beehives. Read 

The 25 Richest Members of Congress

Aug 22, 2012, 12:33 pm EDT
The 25 Richest Members of Congress

The Hill has released its annual rankings of the richest members of Congress, and for the second straight year, Republicans dominate the list.

Of the top 50 wealthiest lawmakers, 31 are from the GOP. Most of the richest members of Congress come from the House — 31 are U.S. Representatives, while 19 are senators.

Among the top five richest members of Congress, though, Democrats rule the roost. Three of the five wealthiest come from that party. The richest lawmaker, though, is a Republican — Rep. Michael McCaul, R-Texas, has a net worth of $290.5 million. His money comes from several family trusts, and his father-in-law founded Clear Channel Communications. Read 

Fiscal Cliff: Nothing to Fear But Fear Itself

Aug 22, 2012, 11:14 am EDT

There’s a new panic phrase on Wall Street, as well as on the presidential campaign trail, and that phrase is the “fiscal cliff.”

By now, you’ve no doubt heard this term being bandied about by analysts, money managers, congressmen, senators and even the principles in the fight for the White House.

This week, we heard another warning on the topic — this time from Wall Street titan Goldman Sachs (NYSE:GS), which said that investors should dump stocks before the fiscal cliff hits. Read 

First Lady Announces New Hiring Push for Vets

Aug 22, 2012, 10:22 am EDT

Bolstered by the success of a similar plan that hired or trained 125,000 military veterans and their spouses in the last year, First Lady Michelle Obama has announced a new plan that hopes to do the same for 250,000 more vets and spouses by 2014.

In the last year, more than 2,000 business took advantage of White House efforts to increase employment among vets and their spouses. The 125,000 people who took advantage of this plan in the last year was 100,000 more than their initial goal, which they had hoped to reach by the end of next year. This pushed unemployment among all veterans from 8.6% last July to 6.9% last month.

The 250,000 included in this new plan will include hiring or training 50,000 spouses of military veterans within three years, as well as providing assistance for them when moving due to deployments. Read 

Letter: Ryan Plan on Medicare and Taxes

Aug 21, 2012, 11:11 am EDT

Medicare is one of the best run government programs. Its overhead costs are low compared to any and all private insurance plans. Any switch to private insurance in any form would thus increase the costs. Regardless of how the program is paid, the increased costs would hit the Seniors in one form or another. Medicare ain’t broke, don’t fix it.

What needs fixed is the tax code and some fairness brought into the picture. If someone making $100,000 is paying 20% tax, then someone making $10 Million should also pay a minimum of 20% tax, regardless of the source of income. All politics aside, such a global view of tax code will fix what ails the economy.

 — Ash Marwah, Pittsburgh, PA Read 

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