‘Shark Tank’ Star Kevin O’Leary: World Poverty Is ‘Fantastic News’ [Video]
Millionaire businessman Kevin O’Leary of ABC’s hit reality show Shark Tank thinks a new report on world poverty is fantastic and something to be celebated.
O’Leary, aka “Mr. Wonderful,” who is said to be worth $300 million, made the comments on The Lang and O’Leary Exchange on Canadian televison in the context of encouraging people to pull themselves up by their own bootstraps. See embed below.
The discussion got started when co-host Amanda Lang asked O’Leary about an Oxfam report that indicated that combined wealth of the world’s 85 richest people is equal to the 3.5 billion poorest people. The organization also contends that just one percent of the population owns about 50 percent of the world’s wealth.
Said O’Leary: “This is a great thing because it inspires everybody, gets them motivation to look up to the one percent and say, ‘I want to become one of those people, I’m going to fight hard to get up to the top.’ This is fantastic news, and of course I applaud it. What can be wrong with this? I celebrate capitalism …”
Lang seemed to be initially speechless. She then responded “Really? So somebody living on a dollar a day in Africa is getting up in the morning and saying, ‘I’m going to be Bill Gates?’”
“That’s the motivation everybody needs,” one-percenter O’Leary replied. “I’m not against charity. Don’t tell me that you want to redistribute wealth again; that’s never going to happen.”
Whether you agree with O’Leary or believe his comments are outrageous, progressives and others on the left tend to think that the economic pie is static (and needs to be redistributed by government) while those on the opposite side of the issue view the pie as ever-expanding provided government regulators get out of the way of free enterprise.
If you haven’t the seen Shark Tank, what happens on the show is that entrepreneurs, or would-be entrepreneurs, pitch their ideas to five often obnoxious but oddly engaging, deep-pocketed “sharks” (including series regular Kevin O’Leary) and try to convince at least one of the panelists to invest in their venture. While the budding businessmen and women are looking for start-up capital to take their ideas to the next level, the hard-nosed sharks are looking to get a return on their investment and own a piece of the next big idea. Shark Tank is a spin-off of the Canadian version of the Japanese show Dragons’ Den, which also starred O’Leary.
Video is HERE.
While investigating Obamacare Navigators, Battleground Texas, and their connection to Obama’s Organizing for America, we caught some deeply offensive comments on tape.
Wendy Davis and Battleground Texas supporters are seen on camera making statements such as “Since he’s in a wheelchair and most the slogans are “Stand with Wendy” and “Stand with Texas Women”, isn’t that amazing to think of? He’s in a wheelchair and we want to stand with Wendy?”
In another instance they say, “Greg Abbott (The Attorney General of Texas) is not, he’s really not a sure thing, and he’s really not real electable. First of all he’s not good looking, he doesn’t speak very well, he doesn’t have a good personality, and he’s in a wheelchair.”
But that’s not it. When asked about forging signatures on absentee ballots, Deputy Voter Registrar and attorney Lisa Wortham covered her ears and then went on to admit, “I’ve seen people do that all the time.” Battleground Texas volunteer Celeste Grahm then added, “I don’t think it’s legal but I didn’t hear you say that.”
Project Veritas is non-partisan and does not advocate for political candidates or parties. The purpose of Project Veritas’ investigations is to expose waste, fraud, dishonesty and self-dealing.
From mortgage rates to expiring tax breaks and insurance costs that could pick your pocket in 2014.
Several developments in Washington could have a significant impact on the economy and, ultimately, on your wallet in 2014, whether you are a business owner, a homeowner in a high-risk flood area, or an online shopper.
And with another debt ceiling battle on the horizon, the Federal Reserve’s bond purchases winding down, and numerous Affordable Care Act (ACA) provisions taking effect, make sure to keep these things on your radar.
The debt ceiling: The Treasury Department expects the government to run out of money sometime in late February or early March, requiring an increase in the federal borrowing limit (surprise!). The ideological fissures that forced the debt ceiling stalemate in 2013 remain, which makes another standoff more likely. The temporary deal that ended that battle expires in early 2014. President Obama and congressional Democrats have said they will not negotiate on the debt ceiling. House Speaker John Boehner (R-Ohio) is unlikely to pass a clean debt increase without some offsetting spending cuts.
Why should you worry about the debt ceiling? Past brinkmanship to raise the debt ceiling led to the first downgrade of the U.S. credit rating in 2011. The impact extended to the broader economy, contributing to lower equity prices and increased corporate and household borrowing costs. It also lowered consumer and investor confidence, which led to businesses postponing hiring and investment and individuals delaying purchases. Another debt ceiling showdown in 2014 could have ripple effects throughout the economy, undermining the economic recovery.
Higher mortgage rates: The Fed announced in December that it will begin tapering its bond purchases in 2014. The Fed has been buying $85 billion a month of bonds to keep long-term borrowing rates low to stimulate spending and growth. The interest rate on long-term loans, such as mortgages, is likely to rise as the Fed slows bond purchases. Mortgage rates are still well below their historical average, but if the economy continues to improve, you should expect rates to rise steadily.
Based on the latest quarterly data, the U.S. economy appears to be picking up steam. Higher growth rates will increase demand for available credit and probably push mortgage rates higher. In addition, Fannie Mae and Freddie Mac, the housing-finance giants that dominate the mortgage market, are boosting the fees they charge to lenders. These higher fees will inevitably be passed along to borrowers.
So whether you are thinking of refinancing your mortgage or buying a home, be mindful that rates are on the upswing this year.
Read it all HERE.
Texas Democrat gubernatorial candidate Wendy Davis has been viewed as a rising star on the left, but with her claims about her personal biography falling apart, now that star is dimming well before Election Day.
Much of the media is trying to downplay Davis’ troubles, but the Washington Post is taking note and saying that this could lead to a major problem for Davis and not just in this election.
Columnist Chris Cillizza noted on his The Fix blog that Davis could be on the verge of a meltdown that will hurt her standing both locally and nationally. If she fails, that failure could also hurt the Texas Democrat Party itself.
Noting that the Dallas Morning News released a blockbuster report debunking many of the key, most sympathetic aspects of the personal biography that Davis has been selling to raise her profile and campaign funds, Cillizza says that what Davis does from here will determine if she remains the rising star many Democrats hope her to be.
Read the full story at Breitbart.com.
During an interview with People Magazine, First Lady Michelle Obama listed “Hanoi Jane” as one of the people she would like to look and live like when she’s “70 or 80? years old.
“There’s Jane Fonda, a beautiful, engaged, politically savvy, sharp woman,” Obama said.
The comment is likely to enrage Vietnam War veterans who still remember how Fonda, now 76, went to North Vietnam in 1972 and was photographed sitting on an anti-aircraft battery. Fonda denounced U.S. military leaders as “war criminals” and later called tortured American POWs “hypocrites and liars,” telling them to “get a life.”
Obama’s comments are already receiving criticism. Writing on Breitbart, David Webb said, “Michelle Obama often comes across to me as an angry black woman who had all the advantages such as going to Princeton University after coming from basically nothing. Yet instead of maximizing her advantages in life she seems to wear them like a burden and projects the burden onto others.”
Read the full story at NewsMax.com.