Tag Archives: Government

Fitch cuts credit ratings on 6 more European nations

From Zero Hedge.

Excerpt:

Fitch Ratings-London-27 January 2012: Fitch Ratings has today concluded its review of the six eurozone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011.

The rating actions on the long-term (LT) and short-term (ST) Issuer Default Ratings (IDRs) are as follows:

-Belgium LT IDR downgraded to ‘AA’ from ‘AA+’; Negative Outlook; ST IDR affirmed at ‘F1+’
-Cyprus LT IDR downgraded to ‘BBB-‘ from ‘BBB’; Negative Outlook; ST IDR affirmed at ‘F3’
-Ireland LT IDR affirmed at ‘BBB+’; Negative Outlook; ST IDR affirmed at ‘F2’
-Italy LT IDR downgraded to ‘A-‘ from ‘A+’; Negative Outlook; ST IDR downgraded to ‘F2’ from ‘F1’
-Slovenia LT IDR downgraded to ‘A’ from ‘AA-‘; Negative Outlook; ST IDR downgraded to ‘F1’ from ‘F1+’
– Spain LT IDR downgraded ‘A’ from ‘AA-‘; Negative Outlook; ST IDR downgraded to ‘F1’ from ‘F1+’

All the ratings have been removed from RWN, with the Negative Outlook on all six countries indicating a slightly greater than 50% chance of a downgrade over a two-year time horizon.

[…]The Negative Outlooks on eight eurozone countries (the six sovereigns in this review along with ‘AAA’-rated France and ‘BB+’-rated Portugal) primarily reflect the risk that the crisis could intensify further.

Now consider that Barack Obama is taking us down the same road as these European welfare states. The problem with socialism is that you eventually run out of other people’s money. That’s what is happening in Europe, and it’s going to happen here, unless we get serious about who we elect as President.

My previous post on S&P downgrades of the credit ratings of various European countries.

Two things you can do to make your marriage last

First, don’t have sex before you’re married.

Story from Life Site News.

Excerpt:

Couples who reserve sex for marriage enjoy greater stability and communication in their relationships, say researchers at Brigham Young University.

A new study from the Mormon college found that those couples who waited until marriage rated their relationship stability 22 percent higher than those who started having sex in the early part of their relationship. The relationship satisfaction was 20 percent higher for those who waited, the sexual quality of the relationship was 5 percent better, and communication was 12 percent better.

The study, published in the American Psychological Association’s Journal of Family Psychology, involved 2,035 married individuals who participated in a popular online marital assessment called “RELATE.” From the assessment’s database, researchers selected a sample designed to match the demographics of the married American population. The extensive questionnaire included the question “When did you become sexual in this relationship?”

Couples that became sexually involved later in their relationship – but prior to marriage – reported benefits that were about half as strong as those who waited for marriage.

[…]Sociologist Mark Regnerus of the University of Texas at Austin, who was not involved in the study, responded to its findings, saying that “couples who hit the honeymoon too early – that is, prioritize sex promptly at the outset of a relationship – often find their relationships underdeveloped when it comes to the qualities that make relationships stable and spouses reliable and trustworthy.” Regnerus is the author of Premarital Sex in America, a book forthcoming from Oxford University Press.

Because religious belief often plays a role for couples who choose to wait, Busby and his co-authors controlled for the influence of religious involvement in their analysis.

“Regardless of religiosity, waiting helps the relationship form better communication processes, and these help improve long-term stability and relationship satisfaction,” Busby said.

Second, make sure you attend church regularly after you’re married.

From Citizen Link.

Excerpt:

It’s a number that is trumpeted from the rooftops — and the pulpit: Half of marriages among Christians and non-Christians alike end in divorce.

But the reality is that Christians who attend church regularly get divorced at a much lower rate.

Professor Bradley Wright, a sociologist at the University of Connecticut, found that among people who identify as Christians but rarely attend church, 60 percent have been divorced. Of those who attend church regularly, 38 percent have been divorced.

W. Bradford Wilcox, a leading sociologist at the University of Virginia and director of the National Marriage Project, found a nearly identical spread between “active conservative Protestants” who regularly attend church and people with no religious affiliation.

Professor Scott Stanley from the University of Denver, who is working on the Oklahoma Marriage Initiative, said couples with a vibrant religious faith have more and higher levels of the qualities that marriages need to avoid divorce.

“Whether young or old, male or female, low-income or not, those who said that they were more religious reported higher average levels of commitment to their partners, higher levels of marital satisfaction, less thinking and talking about divorce and lower levels of negative interaction,” he said. “These patterns held true when controlling for such important variables as income, education and age at first marriage.”

I think that young people who are serious about having a successful marriage need to study research to find out what works (chastity, pre-marital counseling, church attendance, etc.) and then demand that prospective mates demonstrate those skills before the wedding.

UPDATE: Commenter Mbelina has a third thing to do: Christians should choose to marry other Christians who take their Christian worldview seriously.

How Barack Obama used taxpayer dollars to outsource green energy jobs

This is from Hans Bader at GlobalWarming.org.

He links to this ABC News story.

Excerpt:

Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.

Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

“Most of the jobs are going overseas,” said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. “According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S.” Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.

[…]Iberdrola, one of the largest operators of renewable energy worldwide, is based in Spain and has received the most U.S. stimulus dollars — $577 million. It buys some of its turbines from another Spanish manufacturer, Gamesa, which has a U.S. connection. Gamesa has two facilities to manufacture turbine blades in Pennsylvania, but the company said the market forced it to temporarily lay off nearly 100 workers.

[…]A Chinese company called A-power is helping to build a massive $1.5 billion wind farm in West Texas. The consortium behind the project expects to get $450 million in stimulus money.

Walt Hornaday, an American partner on the project, said it would create some American jobs. “Our estimation,” he said, “is that we are going to have on the order of 300 construction jobs just within the fence of the project.”

But that’s in addition to 2,000 manufacturing jobs — many of them in China.

And this News Max story.

Excerpt:

Gulf Oil CEO Joe Petrowski says President Barack Obama’s weekend comments in Brazil that the United States looks forward to purchasing oil drilled for offshore by that nation “is rather puzzling,” and “hypocritical” as his administration has imposed a virtual moratorium on domestic drilling. The signal to purchase more foreign oil comes after the U.S. Export-Import Bank invested more than $2 billion with Brazil’s state-owned oil company, Petrobras, to finance exploration.

“Any drilling, or any new production, especially production outside the Mideast – that is inherently unstable and probably is going to become more unstable as we move forward – is a positive,” Petrowski said Tuesday on Fox News.

“But why Brazil, when we could have the jobs and foreign exchange in this country, is rather puzzling – and I’d say somewhat humorous,” Petrowski told Fox News’ Neal Cavuto. “What is it about Brazil that they have that we don’t have?

Read the rest here – there’s a lot more Obama outsourcing to read about.