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Business/Economy (Bloggers & Personal)

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  • Falling NFL ratings are directly impacting CBS, Fox earnings

    10/17/2017 8:04:04 PM PDT · by TBP · 38 replies
    The Blaze ^ | October 17, 2017 | Sarah Taylor
    CBS’ and Fox’s projected earnings will suffer a hit, according to two separate reports by Credit Suisse, and falling NFL ratings will continue to impact network earnings so long as they are on a downward trend. Why are earnings suffering? CBS’ crashing NFL ratings will directly impact company earnings, Omar Sheikh, Credit Suisse analyst, said. Special: 3 foods to avoid in 2017 “We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season,” Sheikh said, according to CNBC. “With only one of...
  • Free speech activist: NFL, NFLPA meetings a 'rejection' of Trump's divisiveness

    10/17/2017 3:44:22 PM PDT · by 2ndDivisionVet · 52 replies
    CBS Sports ^ | October 17, 2017 | Cody Benjamin
    Indications from Tuesday's meeting between NFL owners, players, executives and NFL Players Association personnel are that all sides identified "common issues" and engaged in "productive" conversation about how to "work together to promote positive social change and address inequality" in the wake of peaceful protests across professional sports. The meeting, which came a day after reports that the NFL would formally endorse criminal justice legislation and finance a social activism boot camp, marked a "coming together," according to the league and NFLPA. NFL Network's Judy Battista suggested the dialogue Tuesday in New York was the "best communication [there] has ever...
  • Haslam to attend grand opening of Hankook plant (1,800 jobs in Tennessee tire plant)

    10/17/2017 2:44:16 PM PDT · by 2ndDivisionVet · 7 replies
    The Wichita Eagle ^ | October 17, 2017 | The Associated Press
    CLARKSVILLE, Tenn. — Fresh off a trade mission to drum up more business from Asia, Gov. Bill Haslam is attending the grand opening South Korean tiremaker Hankook's new plant in Tennessee. Hankook broke ground on the $800 million plant in Clarksville in 2014. The company later announced it would move its North American headquarters from New Jersey to Nashville, about 40 miles (64 kilometers) from the new factory.....
  • Hiring not part of Alibaba pledge to create US jobs

    10/17/2017 12:58:15 PM PDT · by 2ndDivisionVet · 2 replies
    The London Daily Mail ^ | October 17, 2017 | Agence France-Presse
    Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers. Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing pledge earlier this year by Alibaba founder Jack Ma and US President Donald Trump that the Chinese internet firm would create one million US jobs. The pledge by Ma was seen at the time as more of a public relations move than a promise to hire in the US. When asked what Alibaba was doing to deliver...
  • Hyundai Dymos to bring 150 jobs to county (Georgia)

    10/17/2017 3:23:00 AM PDT · by 2ndDivisionVet · 2 replies
    The La Grange Daily News ^ | September 5, 2017 | Alicia B. Hill
    Hyundai Dymos is currently working on an expansion that will add another 150 jobs to its West Point plant next year. The West Point City Council has discussed the expansion previously and the Troup County Board of Commissioners approved a memorandum of understanding for the expansion on Tuesday. The agreement will allow Hyunai Dymos Georgia to expand its existing facility in West Point. The expansion project will be owned by the West Point Development Authority who plans to lease the property to Hyundai under the agreement. “Hyundai Dymos has a new $9.5 million expansion planned for the West Point facility...
  • Cedar Rapids company expanding, adding 800 jobs (Iowa, New Mexico and Texas)

    10/17/2017 3:11:32 AM PDT · by 2ndDivisionVet · 6 replies
    The Cedar Rapids Gazette ^ | October 17, 2017 | George C. Ford
    CEDAR RAPIDS — A Cedar Rapids customer contact business plans to add 800 jobs over the next six months as it opens new call centers in Marshalltown, as well as Las Cruces, N.M., and El Paso, Texas....
  • Poll: Most Would Welcome New Amazon Headquarters

    10/17/2017 2:18:10 AM PDT · by 2ndDivisionVet · 15 replies
    Morning Consult ^ | October 17, 2017 | Joanna Piacenza
    U.S. adults disregard potential negative impact of Amazon's presence Time is running out for cities to submit their bids to become Amazon.com Inc.’s second home. The tech giant announced plans last month to open up a second headquarters — and its hunt for a host city. Bids from metropolitan areas are due Thursday. There are plenty of willing contestants: Mayors across the country have launched viral-worthy campaigns enticing Amazon to choose their cities, with the winner set to be announced sometime in 2018. A Sept. 29-Oct. 1 Morning Consult survey found that 72 percent of a national sample of 2,201...
  • Bastian Solutions Investing $8M In Fifth Indiana Facility (Toyota-owned co. 87 "high paying" jobs)

    10/17/2017 1:30:28 AM PDT · by 2ndDivisionVet · 1 replies
    Business Facilities ^ | October 16, 2017
    Bastian Solutions will build a new manufacturing center in Westfield, IN, creating up to 87 new, high-wage jobs by 2020. The global systems integrator and consulting firm was recently acquired by Toyota Advanced Logistics, a subsidiary of Japan-based Toyota Industries Corporation. “Toyota Advanced Logistics and Bastian Solutions are honored to join the Westfield community, and we look forward to building a state-of-the-art manufacturing facility that will not only provide jobs but also become a catalyst for the local economy,” said Michael Romano, president of Toyota Advanced Logistics. “Toyota has a long history in Indiana, and we hope to utilize that...
  • Company will grow lettuce in Virginia using fish waste (21 jobs)

    10/17/2017 1:20:04 AM PDT · by 2ndDivisionVet · 6 replies
    WCAV-TV ^ | The Associated Press
    RICHMOND, Va. (AP) -- A company that uses fish waste to grow organic baby lettuce and arugula plans to create 21 new jobs in Northern Virginia. Virginia Gov. Terry McAuliffe's office announced Friday that Kappa Farms will invest $865,000 to open a new "aquaponics" operation in Loudoun County....
  • Arthrex, Inc., Plans Manufacturing Complex in Sandy Springs, South Carolina (1,000 jobs)

    10/17/2017 1:12:37 AM PDT · by 2ndDivisionVet · 7 replies
    Area Development ^ | October 16, 2017 | Staff
    Arthrex, Inc., a global orthopedic medical device company, headquartered in Naples, Florida, is launching new manufacturing operations at 5500 Highway 76 in Sandy Springs, South Carolina. The $69 million capital investment is expected to create more than 1,000 new jobs over the next several years in Anderson County. Arthrex will be constructing a new 200,000-square-foot facility to manufacture its innovative orthopedic devices and implants. Hiring for the new positions should begin in the next 12 to 18 months. As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project. “Arthrex is pleased to...
  • Salon’s Top 'Conservative’ List Is Nearly All 'Never Trump' Liberals Who Hate the Right

    10/16/2017 11:16:25 AM PDT · by KeyLargo · 13 replies
    Newsbusters ^ | 10-16-2017 | Kristine Marsh
    Salon’s Top 'Conservative’ List Is Nearly All 'Never Trump' Liberals Who Hate the Right Kristine Marsh October 16, 2017 Over the weekend, liberal online magazine Salon put out a highly mockable list of their top “25 Conservatives Actually Worth Following on Twitter.” The story made a splash on social media, because it seemed Salon’s only criteria for being a “worthy conservative” is that you had to be an outspoken “Never-Trumper” and a fierce critic of the right. Brownie points if you support Obamacare and spew profanities at the president. What didn’t count? Actually being a smart, thoughtful commentator on conservative...
  • What does the future hold for the automobile?

    10/15/2017 6:12:53 PM PDT · by 2ndDivisionVet · 48 replies
    The Orange County Register ^ | October 14, 2017 | Joel Kotkin
    For a generation, the car has been reviled by city planners, greens and not too few commuters. In the past decade, some boldly predicted the onset of “peak car” and an auto-free future which would be dominated by new developments built around transit. Yet “peak car,” like the linked concept of “peak oil” has failed to materialize. Once the economy began to recover from the Great Recession, vehicle miles traveled, sales of cars, and particularly trucks, began to rise again, reaching a sales peak the last two year. Instead, it has been transit ridership that has stagnated, and even fallen...
  • Swiss rail car firm expected to bring 1,000 new jobs to northwest Salt Lake (Utah)

    10/15/2017 5:47:06 PM PDT · by 2ndDivisionVet · 5 replies
    KSL-TV ^ | October 15, 2017 | Jasen Lee
    SALT LAKE CITY — A new manufacturing facility in the city's northwest quadrant is projected to bring 1,000 new jobs to the area over the next decade. Swiss-based railroad vehicle maker Stadler broke ground Friday on a state-of-the-art manufacturing facility at 150 S. 5600 West, where the company will build and assemble trains for transit properties throughout the United States and North America. Stadler currently leases space from the Utah Transit Authority at its Warm Springs facility at 900 N. 500 West that employs 115 workers. The expansion project is scheduled for development over 10 years or less, depending on...
  • Billionaire Sam Zell: I see 'very significant' positive change for business under Trump

    10/15/2017 4:49:13 PM PDT · by 2ndDivisionVet · 6 replies
    CNBC ^ | September 26, 2017 | Matthew J. Belvedere
    •Corporate America is willing to invest money on a longer-term basis under President Trump, real estate mogul Sam Zell says. •Zell points to deregulation and promises of tax cuts and massive infrastructure spending as major positives for business. •Continued improvement in underlying economic growth continues to "surprise," he says. Corporate America is willing to invest money on a longer-term basis under President Donald Trump than the previous "anti-business administration" of Barack Obama, real estate mogul Sam Zell told CNBC on Tuesday. "Bluntly, the only way I can square anything is I focus on what gets done, not what's said," the...
  • It Would Take A 50% Hike in Income Tax to Fund Our Current Deficit

    10/14/2017 12:24:49 PM PDT · by SeekAndFind · 21 replies
    Mauldin Economics ^ | 10/13/2017 | BY JOHN MAULDIN
    Authored by John Mauldin via MauldinEconomics.com,The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.Now, that’s possible; I'm inclined to haircut it a bit.If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.After the next recession the deficit will be $30 trillion within 4–5 years and then grow from there at a rate of anywhere from $1.5...
  • The Soda Tax: A Single Victory or a Blueprint for the Future?

    10/13/2017 9:18:20 PM PDT · by jfd1776 · 13 replies
    Illinois Review ^ | October 13, 2017 A.D. | John F. Di Leo
    In November, 2016, the Cook County Board of Confiscators created a new tax on most non-alcoholic beverages – punitive, astronomical, and unconstitutional. Virtually everything that could be wrong with a government policy was wrong with this one, and the community reacted with unexpected force. County commissioners reported receiving more complaints about this issue than on any other issue in their careers. Despite a united front held by County Board President Toni Preckwinkle through the summer 2017 implementation, the resolve of her members soon withered as the real effects of the hated tax began to be felt. In the end, it...
  • No Room for “Buffetnomics” in the GOP

    10/13/2017 4:02:01 PM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 10/13/17 | Megan Barth
    These GOP members who are contemplating raising taxes are playing with fire. Failure to act in a way that pleases the base will ensure they are the ones who get burned Make no mistake about it: if Congress, particularly the United States Senate, fails to send a tax bill to the president’s desk, it will imperil the congressional majority, do lasting damage to the Republican Party, and potentially threaten the American economy. The clock is ticking.
  • Mass EV Adoption Could Lead To $10 Oil

    10/13/2017 3:30:37 PM PDT · by bananaman22 · 145 replies
    Oilprice.com ^ | 13-10-2017 | Paraskova
    The adoption of electric vehicles (EVs) could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10, Chris Watling, CEO & chief market strategist at Longview Economics, told CNBC on Friday. Watling said he didn’t see oil crashing “in the next few weeks or months, or maybe even quarters, but I think the long-term outlook for oil—because of what’s happening in terms of electric vehicles” with 70 percent of oil used for transportation, is oil plummeting to $10 somewhere around 2023-2025. “We used to talk about peak oil in terms of...
  • Why San Antonio Turned Down Amazon’s New Headquarters

    10/13/2017 6:29:03 AM PDT · by 2ndDivisionVet · 45 replies
    Texas Monthly ^ | October 12, 2017 | Leif Reigstad
    On Wednesday, Texas Senators Ted Cruz and John Cornyn penned a joint letter to Amazon CEO Jeff Bezos, pitching the state of Texas as the landing site for the online retail giant’s planned second headquarters, HQ2. “Everything is bigger in Texas, and that includes our economy, our skilled workforce, and our quality of life,” they wrote, noting that three of the nation’s top-five fastest growing cities are in Texas: Houston, Austin, and San Antonio. All three of those cities and others across the state, including Dallas, El Paso, and Frisco, put themselves in the running for HQ2 when Amazon called...
  • North Korea’s luxury goods imports amount to $666m in 2016: lawmaker

    10/13/2017 12:56:44 AM PDT · by 2ndDivisionVet · 3 replies
    The Korea Herald ^ | October 12, 2017 | Jo He-rim
    North Korea imported $666 million worth of luxury items last year, which takes up 17.9 percent of the year’s total imports, a lawmaker here said Thursday. According to data from the Chinese Customs revealed by Rep. Yoon Sang-hyun of the Liberty Korea Party, the communist state’s imports of luxury goods increased by $59 million, or 9.8 percent, from 2015. The luxury goods included upmarket electronics, cars, leather products and watches. Electronics made up the biggest import value at $330 million, followed by high-end cars with $260 million. The reclusive state also imported some $16 million worth of liquor and drinks....