Greg Bishop is back at it with two hours of liberty-minded talk, the likes you can't find anywhere else in central Illinois. Don't miss Bishop On Air from 10 to noon. Today we'll talk the Federal Reserve, the destruction of marriage and the role of unions. That's ahead with Bishop On Air on 970 WMAY, The News and Talk of Springfield!
Stocks are rallying on Wall Street with records being set every other day it seems. Why? Is the mainlining of easy money causing this? What happens when the easy money is cut off?
There were confirmation hearings last week for the top spot of the Federal Reserve, the secret central bank for the US. Janet Yellen, who's nomination must be approved by Congress, was grilled on issues about monetary policy. Watch video highlights here:
She indicated that she supports the current independence of the Fed and also wants to continue the bond buying program. We'll talk a bit about that and what kinds of impacts continued Quantitative Easing has on the markets. We'll also hear about a need to audit the Fed!
Then we'll talk about Bitcoin. What is Bitcoin and why is congress set to hold hearings on it? We'll evaluate what there is to be known about the emerging digital and anonymous currency. For more on the developing story, check out today's article in USA Today.
Obamacare destroying marriage
Some may think that same-sex couples increasingly getting states to sanction their relationships may destroy the sanctity of marriage. Those that can get out of the Old Testament know that's silly. What is real though, is the impact of Obamacare on marriage.
The Weekly Standard reports that "A married couple can get Obamacare subsidies if their income is less than 400 percent above the poverty line. But because the federal poverty level for married couples is less than double the level for individuals, a couple that lives together without getting married can make more money than a married couple, yet still get Obamacare subsidies." That is leading some married couples to consider divorce ... for the financial benefit!
There's also a revealing video showing how some African American students are increasingly being disenchanted by a president they thought would be there to favor them. Watch that video here:
Role of the Union
News reports that about 1,000 Will County workers are on strike where a union spokesperson says county employees plan pickets at two dozen locations. The strike involved health department workers, high department and sheriff's employees, among others ... The strike is said to be the result of years of failed negotiations.
Some of the terms, according to the Chicago Tribune, includes
"increase in health care premiums that would double what many employees would pay ... a cost-of-living bump on top of a 2.5 percent step increase in pay ... employees would receive a 1 percent cost-of-living increase effective Dec. 1 and a 1 percent pay raise effective when a new contract is approved."
That apparently isn't enough. More from the article:
"Employees also would be given a 1 percent pay increase Jan. 1, 2015, and a 0.5 percent pay increase July 1, 2015, and July 1, 2016. The county's offer also includes the 2.5 percent step increase in 2014, 2015 and 2016."
With this story in the news, we'll again ask the question ... what's the role of the unions?
News on the March
If there's time, we'll cover some of the news that's getting the shaft. News on the March is a rapid-fire review of some of the headlines from a variety of mainstream and alternative outlets that will give you a sense of things that aren't getting talked about nearly as much as they should. That, along with what you think is under-coverd, with News on the March in the final moments of the show.
Sound off with Bishop On Air from 10 to noon on 970 WMAY, The News and Talk of Springfield. Listen live and call 217-629-7970, email, Tweet or Facebook. Also, be sure to check out the podcast updates with the Bishop On Air Podcast.