Posts tagged with: investor’s business daily

According to Investor’s Business Daily, over 300 businesses are cutting employee hours and jobs to avoid Obamacare. If employers restrict employee work hours to 30 per week, then they avoid Obamacare mandates for health insurance. Jed Graham of Investor’s Business Daily says, “Data also point to a record low workweek in low-wage industries.”

Casinos are one industry that exemply these cuts. In Grantville, Penn., the Hollywood Casino has told part-time workers they are now limited to no more than 30 hours a week. Gene Barr of the Pennsylvania Chamber of Business and Industry had this to say:

Government has decided that you as a business will pay this if you meet a certain size. They’ve put these conditions on and of course companies will have to work around and with those conditions in order to make sure they can stay as a successful business. Businesses have to take the steps they can to keep themselves profitable and keep the people that are now employed employed.

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Blog author: jcouretas
Wednesday, November 26, 2008
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Following up on our coverage of Pope Benedict’s economic “prophecy,” here’s a snip from yesterday’s “Papal Bullishness” editorial in Investor’s Business Daily. Read then-Cardinal Ratzinger’s 1985 article “Market Economy and Ethics” here.

The Pope gave a “prediction that an undisciplined economy would collapse by its own rules,” the ex-socialist lawyer and economics professor nonsensically claimed at Milan’s Cattolica University last week.

Tremonti conveniently omitted that elsewhere in the Pontiff’s 2,300-word analysis he grumbled that Theodore Roosevelt and Nelson Rockefeller spread “the notion that only Protestantism can bring forth a free economy — whereas Catholicism includes no corresponding education to freedom and to the self-discipline necessary to it, favoring authoritarian systems instead . . .”

Furthermore, the only apparent English translation of the paper is on the Web site of Fr. Robert Sirico’s Michigan-based Acton Institute. Why would a think tank devoted to emphasizing the free market’s spiritual underpinnings tout an anti-capitalist tract?