Stories We’re Watching: Friday News Links 7-18-2014

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Here is a collection of some of the stories making the Internet rounds today. Click the links for the full stories.

  • Hillary Clinton’s poor-mouthing of her wealth is starting to take its toll, with a substantial majority now calling her among the nation’s richest, and more Americans than not believing she’s out of touch on understanding the plight of the middle class. But even worse, according to a new Economist/YouGov.com poll, just 39 percent of Americans want her to run for president in 2016. Source: Washington Examiner…
  • U.S. stocks are now about 80% overvalued on certain key long-term measures, according to research by financial consultant Andrew Smithers, the chairman of Smithers & Co. and one of the few to warn about the bubble of the late 1990s at the time. According to Smithers’s data, we are now in the third biggest bubble in U.S. history. Source: Marketwatch…
  • On Thursday, a week after former Microsoft CEO Bill Gates argued for amnesty and for an unlimited number of high-tech guest-worker visas, Microsoft announced it would slash 18,000 jobs. Bill Gates, along with Sheldon Adelson and Warren Buffett, advocated removing “the worldwide cap on the number of visas that could be awarded to legal immigrants who had earned a graduate degree in science, technology, engineering or mathematics from an accredited institution of higher education in the United States.” Source: Breitbart…
  • The Obama Administration issued yet another waiver to get out of Obamacare — for all the U.S. territories. The exemption, posted Thursday on a Department of Health and Human Services website, frees U.S. territories from a host of Obamacare regulations on health insurance markets. Source: The Daily Caller…
  • Time’s Joe Klein attacks President Obama from the left in this piece on Obama’s lack of “courage” in taking a position of leadership on the border crisis. “He said he didn’t want to go to the border because it would only be a ‘photo op,’” writes Klein, “on the same day his office published a photo of the President and Colorado Governor John Hickenlooper shooting pool. Who choreographed that?” Source: TIME…
  • FedEx Corp. was indicted for delivering prescription pain pills, sedatives, anti-anxiety drugs and other controlled substances for illegal Internet pharmacies. A conviction could be “material,” the company said today in a regulatory filing. Source: Bloomberg…
  • More temperature records are likely to fall on Friday from the southern Plains to the Southeast with daytime temperatures not rising out of the 70s. Source: Accuweather…
  • Australian Prime Minister Tony Abbott’s government won final approval from Parliament yesterday to scrap a levy about 300 companies paid for their carbon dioxide emissions. Repeal of the carbon price is a welcome first step toward a more workable emissions policy, according to joint statement from the Australian Industry Group, the Business Council of Australia and the Minerals Council of Australia. The next step should be approval of the $2.6 billion Emissions Reduction Fund proposed as part of Abbott’s Direct Action, they said. Source: Bloomberg…
  • A Southern California couple who scaled back watering their lawn amid the state’s drought received a warning from the suburb where they live that they might be fined for creating an eyesore – despite emergency statewide orders to conserve. Source: Reuters…
  • Last April, Miami-Dade School Board member Raquel Regalado proposed hiring retired police officers to protect area schools. It was a practical solution that would save taxpayers a bundle when compared to hiring active-duty officers. Miami’s police unions responded swiftly, saying they “vehemently oppose the idea of placement of retired Miami police officers in Miami Dade schools.” Source: Watchdog…

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