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China’s chopsticks made in America

The United States imports a substantial amount of its goods from China, but a small company in South Georgia has reversed that trend by manufacturing and exporting chopsticks. China uses approximately 45 billion wooden chopsticks a year, but the country’s wood supply is dwindling. Watch video, courtesy of CBS News,…

Stock trader: Europe will collapse because ‘Goldman Sachs rules the world’

Speaking to the British Broadcasting Corporation (BBC) this morning, independent stock trader Alessio Rastani predicted that a European market crash is imminent and many investors know it. “This problem cannot be solved,” he said. “I’m fairly confident that the Euro is going to crash, and it’s going to fall pretty…

Lindsey Graham worries cuts will ‘destroy the Defense Department’

Republican South Carolina Sen. Lindsey Graham is calling for cuts to Social Security and lower tax rates, but at the same time he worries that the Department of Defense will be “destroyed” by deficit reduction measures. If the Super Committee fails to find $1.2 trillion worth of deficit reduction by…

Bachmann proposes to eliminate all taxes

At Thursday night’s Republican presidential debate, Rep. Michele Bachmann (R-MN) proposed the elimination of all taxes, but then added that the government did need some money to run. “You earned every dollar, you should get to keep every dollar that you earned,” the candidate said. “That’s your money, that’s not…

Obama: I’m a ‘warrior for the middle class’

At a fundraiser in New York City Tuesday, President Barack Obama fired back at Republicans who have called his plan to raise taxes on the wealthy “class warfare.” “You already hear the Republicans in Congress dusting off the old talking points,” the president told a crowd of 400 supporters at…

Ralph Nader: Republican party indentured to corporations

On MSNBC’s The Last Word, consumer advocate Ralph Nader addressed criticism that by running as a third party candidate and pressuring Democrats to challenge Obama in 2012, he was helping Republicans get elected. “Nobody has criticized more profoundly in detail across 50 states the Republican Party’s indentured status to corporatism,…

Gore: Cenk Uygur joining ‘truly independent’ Current TV

Cenk Uygur and Al Gore announced this week that The Young Turks were taking their talents to Current TV. The show will air weeknights in the 7 p.m. ET hour prior to Countdown with Keith Olbermann. It is expected to launch in the fourth quarter of 2011. After leaving MSNBC…

Ted Turner: Murdoch will ‘have to step down’ over hacking

Speaking with Bloomberg TV in New York City, CNN founder and media mogul Ted Turner said that News Corp. CEO Rupert Murdoch will “have to step down” over the phone hacking scandals that have engulfed his company. “He hasn’t survived anything like this, so far,” Turner said. “This is serious.…

Tea party Rep.: Only $400,000 left after ‘I feed my family’

Tea party Rep. John Fleming (R-LA) used himself as an example Monday while arguing against President Barack Obama’s plan to make sure millionaires pay about the same tax rate as the people that work for them. “In my own case, I own LLCs,” Fleming told MSNBC’s Chris Jansing. “The income…

Paul Ryan accuses Obama of ‘class warfare’ over millionaire tax

A top House Republican said Sunday that President Barack Obama was engaging “class warfare” with a proposal to tax millionaires at a higher rate. The so-called “Buffet rule” would make sure millionaires pay about the same tax rate as the employees that work for them. It’s named after billionaire Warren…

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