Cave News

Putting off fiscal cliff solutions

Piers Morgan threatens to leave USA

The haughty Brit Piers Morgan (pictured) has threatened to leave the United States over gun laws.

Morgan has been at odds with gun advocates since the Dec. 14 Sandy Hook massacre, which prompted the British journalist to launch an aggressive pro-gun control campaign on his show, clashing with gun lobbyists, including his verbal spat with Gun Owners of America head Larry Pratt whom Morgan told on the air, “You are an unbelievably stupid man.”

There are probably relatively few Americans who even know who Piers Morgan is. His program on CNN Piers Morgan tonight is one of the lowest watched programs on CNN which is the lowest watched cable news channel.

Perhaps it is Morgan who is the “unbelievably stupid man.”

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Obama disapproval down 5 points since Christmas

With the federal government approaching the so-called "fiscal cliff," when federal income tax rates will increase across-the-board back to the level they were under Bill Clinton, the disapproval of Barack Obama has climbed 5 points in the Gallup poll since Christmas.

Wait until the realities of ObamaCare finally sink in to the consciousness of the uninformed who voted for him.

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Obama: sloppiness caused the Benghazi attack

On Sunday Mr. Obama said it was sloppiness that caused the Benghazi attack killing four Americans.

The blood spatters and bloody handprint (pictured) did give the consulate a sloppy look.

Mr. Obama and the media are making this about the attackers and not the fact that the Obama Administration refused to send help and let four Americans die.

The word sloppiness has no place in the president´s vocabulary regarding our national security and the lives of our diplomats.

However, when push comes to shove, the Obama administration will pin any blame on Hillary. She will be leaving the administration as soon as John Kerry is sworn in so she will be the one they will throw ‘under the bus.’

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Report: why are people hoarding coins?

Although stocks and bonds are the most common investments that are owned directly by the investor, some are hoarding coins.

Metals such as gold and silver have value leading to a new type of collector -- the coin hoarder.

All American coins are made from a variety of base metals. Prior to 1965, dimes and quarters were made primarily of silver, until the soaring cost of silver forced the United States Mint to change the composition of the coins to a cheaper alloy.

Prior to 1982, pennies were composed of 95% copper, until lower-cost zinc replaced a substantial amount of it. Nickels are still composed of 25% nickel and 75% copper. As the underlying values of the metals rise, the coins become theoretically more valuable.

At today's prices for copper and nickel, a five-cent piece is worth almost seven cents. There's a catch, however. Since 2006, it has been illegal to melt down pennies and nickels.

Nickels are easier to collect, as they still contain the same metal levels as always, so there is no sorting required.

Pennies take longer to check dates and sort by hand, although some hoarders have devised systems to automatically sort them. The high silver content in pre-1965 dimes and quarters has resulted in most of them already having been removed from circulation by collectors, and they are rarely seen mixed in with other coins.

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Low level hoarders get their coins from their local bank tellers, whereas more serious ones buy coins online in bulk. Internet searches for “junk silver coins” can lead to sources

Pennies and nickels are the most popular with hoarders, based on their high copper content.

Although many investors buy junk silver coins as bullion investments, other investors buy junk US silver coins for “survival purposes.”

“Survival buyers” fear the worst for the dollar worrying that the government will keep printed dollars until they become nearly worthless.

If this “worst-case scenario” were to become reality, then US silver coins would be used the purpose for which they were originally minted: as money.

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French court rejects millionaires tax

Somewhere on the Riviera former French Persident Nicolas Sarkozy is smiling.

Former French President Sarkozy was defeated in the last election by President François Hollande (pictured at right).

One of the first things Socialist Hollande wanted to do was to raise taxes on the rich. As with any liberal leader Hollande was determined to raise taxes on the rich to finance his ambitious spending plans.

France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit. A deficit which will grow much faster with a Socialist at the helm.

Embattled French President Francois Hollande suffered a fresh setback Saturday when France's highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair and unconstitutional.

After Hollande’s stinging rebuke, will the embattled President try to cut back spending or will he allow France to drown in debt?

This photo shows French actor, film maker and businessman Gérard Depardieu applauding the decision of France's Constitutional Council.

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Trillion dollar ObamaCare tax hitting on January 1

Regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.

Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1.

In total, Americans face a net $1 trillion tax hike for the years 2013-2022.

Details here.

Report Philadelphia Police tie construction site arson to union sabatoge

The site where Chestnut Hill Friends Meeting is building a new meetinghouse was damaged by arsonists during Christmas week, and police are now "absolutely" sure the attack was the result of a dispute between members of a Philadelphia construction union and the project's nonunion contractor.

Although no suspects have been identified in the December 21 incident, Lt. George McClay of Northwest Detectives said Friday that he was certain the small Quaker building on East Mermaid Lane was targeted because it is being built with nonunion labor.

"I absolutely think it is a union issue," McClay said.

The nonunion Contractor said he was convinced union members were involved.

"I don't think this was a spontaneous group of kids who did this," he said during a tour of the site Friday. "We're really talking about the bad behavior of union bullies."

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This global warming is really getting intense

Come on out and enjoy the weekend