Tuesday, September 3, 2013

Economy - #4570 - Labor Participation Rate Hits 34 Year Low - Breitbart (2) IRS Continues to Hound Tea Party Patriots, Demands More Data for Tax-Exempt Status - Washington Times (3) A Closer Look at this Week's 3 Polls in the Virginia Governor's Race - Roanoke.com (4) Oregon Bakers Who Refused to Make Gay Couples Wedding Cake Shut Down their Shop Following Threats, Anger - The Blaze

Labor Participation Rate Hits 34 Year Low - Breitbart - The percentage of Americans who have a job or are looking for one, known as the labor force participation rate (LFPR), has plunged to a 34-year low, according to a new report from staffing company Express Employment Professionals."Following the Great Recession, we've entered into the Great Shift," says Express Employment Professionals CEO Bob Funk, who previously served as chairman of the Kansas City Federal Reserve Bank. "This is a period defined by the Boomer retirement, Millennial frustration, and growing reliance on government programs. All indicators suggest this shift is not sustainable." The New York Times reported on the study and suggested that "another cause [of the Great Shift] may be the rise in the number of workers on disability." A record 8,733,461 people now receive disability benefits, a figure greater than the population of New York City. Today, nearly 90 million Americans are no longer in the labor force.  Read more........


(2) IRS Continues to Hound Tea Party Patriots, Demands More Data for Tax Exempt Status - Washington Times The initial firestorm surrounding the Internal Revenue Service’s targeting of conservative groups may have subsided, but tea party leaders say the situation has only become worse and may lead to more lawsuits against the embattled agency. New documents show the depth of information the IRS is seeking from Tea Party Patriots, a leading conservative group that first applied for 501(c)(4) tax-exempt status in late 2010 and one of many organizations singled out for extra scrutiny by the Obama administration. PHOTOS: The 10 worst jobs in Washington An IRS letter sent to the group last week and obtained by The Washington Times contains a laundry list of requests related to virtually all the group’s activities, including its involvement in the 2012 election cycle and its get-out-the-vote efforts, fundraising activities, all radio and TV advertising, and other information. The IRS also is asking for detailed financial records, including “the amounts and percentages of your total expenses that were for fundraising activities in the tax year 2011, 2012 and 2013.” Read more.......


(3) A Closer Look at This Week's Three Polls in the Governor's Race - Roanoke.com - Three polls came out this week: Two showed Democrat Terry McAuliffe ahead (both by 4 percentage points) and one showed Republican Ken Cuccinelli ahead (by 6 percentage points.) So, who’s right? This is where we issue our regular consumer advisory on polls. Polls aren’t necessarily predictive tools, although we all want to use them that way. (1) Public Policy Polling is a Democratic polling outfit. That doesn’t necessarily mean their results are biased toward the D’s. On the other hand, you ought to know whose side they’re on in case you want to disregard them on principle. (One way to evaluate them: If they show results that favor the Democrats, well, maybe it’s wise to seek a second opinion. But if they show results unfavorable toward the Democrats — and sometimes they do — maybe they’re right, after all.) (2) The Quinnipiac University Poll has been active around the country and has no partisan connection. For what it’s worth, both the partsian PPP and the non-partisan Q Poll produce the same results: McAuliffe up by 4. (3) The Roanoke College Poll has sometimes shown stronger Republican results than other polls. For instance, last fall, the poll showed Romney and Allen leading in Virginia and we know how that turned out. And, indeed, this time, the poll shows Cuccinelli up by 6. On the other hand, Roanoke College was the first poll back in 1994 to pick up Democrat Chuck Robb’s late-season momentum that pulled him ahead of Republican Oliver North. At the time, the poll was discounted, but it turned out Roanoke College was simply ahead of the curve then. Read more......... Article contributed by Steve Peters.

(4) Bakers Who Refused to Make Gay Couples Wedding Cake Shut Down Their Shop Following Threats, Anger - The Blaze - In May, TheBlaze told you about Aaron and Melissa Klein, owners of Sweet Cakes by Melissa, an Oregon-based bakery that has fallen under intense scrutiny. Throughout 2013, the Christian couple and their business have been in the midst of a media firestorm after refusing to make a wedding cake for a lesbian couple. From threats to vicious phone calls and e-mails, the Klein family has been inundated with angry responses. Now, Aaron and Melissa have announced that they are shutting down their shop. In a brief phone interview earlier this month, Melissa told TheBlaze that the couple has continued to face upheaval following their faith-based decision. Just days after we spoke, she and her husband announced that this past weekend was the family’s last at its current location. The business will be transitioning, with the Kleins operating, instead, from their home. “This will be our last weekend at the shop we are moving our business to an in home bakery,” read a post on the company’s Facebook page on Aug. 30. Read more........

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