Business/Economy (Bloggers & Personal)

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  • By standing up to China, President Trump Protecting America Technology Against Piracy

    03/23/2018 2:51:58 PM PDT · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 03/23/18 | Judi McLeod
    Trump's global trade war with China is one that aims to achieve something no other president has attempted: the protection of American technology against pirating by China The world’s second-largest economy has responded to President Donald Trump’s controversial trade tariffs, according to this morning’s blaring news headlines. “China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning.” (CNBC, March 22, 2018) Notice the words used to describe China: “The world’s second-largest economy”.
  • So We Lost a Battle Vanity

    03/23/2018 11:27:02 AM PDT · by waterhill · 123 replies
    Me | Today | Me
    This is just a battle lost, not the war. Its gonna be ok. I am embarrassed for and of some of you FReepers. Rub some dirt on it and walk it off, go to the range, drink it off, cry in your pillows, whatever... Quit whining. Quit acting like snowflakes. Or just opus-out and don't come back. Posers. (Rant off)
  • Citi Announces Our U.S. Commercial Firearms Policy (How to Gut the 2nd Amendment)

    03/22/2018 3:21:44 PM PDT · by mojito · 31 replies
    The Citi Blog ^ | 3/22/2018 | Ed Skyler, Executive Vice President, Global Public Affairs, Citi
    For too many years, in too many places, our country has seen acts of gun violence that have resulted in heartbreaking losses. We are all too familiar with them and there is no need to recount them here. Over the same amount of time, we have waited for our grief to turn into action and see our nation adopt common-sense measures that would help prevent firearms from getting into the wrong hands. That action has sadly never come and as the weeks pass after the most recent mass shooting, it appears we are stuck in the same cycle of tragedy...
  • Dick’s Sporting Goods Sales Sink After New Gun Policy

    03/22/2018 10:55:24 AM PDT · by Sir Napsalot · 56 replies
    National Review ^ | 3-22-2018 | Mairead McArdle
    Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isn’t the gun sales, Fortune says. Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21. However, the store has also suffered problems with overstocking and high discounts, as well as increased competition from places like Nike and Amazon. After the Parkland school shooting last month that killed 17, Dick’s executives were aghast...
  • Job Openings Hit New Record [semi-satire]

    03/21/2018 9:54:09 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 18 Mar 2018 | John Semmens
    This week the US Bureau of Labor Statistics reported that job openings increased to a record 6.3 million. The number of openings now equals the number of currently unemployed Americans. House Minority Leader Nancy Pelosi (D-Calif) assailed these statistics, saying "this is the economic disaster our Party tried to avert, but the GOP rammed through their tax cut, which as we now see, has created a serious labor shortage. Millions of unemployed Americans will now be pressured into taking jobs they'd rather not do." Pelosi also contended that "these statistics validate the foolishness of the Administration's determination to throttle immigration....
  • Nassim Taleb Talks Antifragile, Libertarianism, and Capitalism's Genius for Failure

    03/21/2018 6:51:49 AM PDT · by Voption · 21 replies
    Reason TV/ YouTube ^ | January, 2013 | Nassin Taleb
    Reason's Nick Gillespie sat down with Taleb for a wide-ranging discussion about why debt leads to fragility (5:16); the importance of "skin in the game" to a properly functioning financial system (10:45); why large banks should be nationalized (21:47); why technology won't rule the future (24:20); the value of studying the classics (26:09); his intellectual adversaries (33:30); why removing things is often the best way to solve problems (36:50); his intellectual influences (39:10); why capitalism is more about disincentives than incentives (43:10); why large, centralized states are prone to fail (44:50); his libertarianism (47:30); and why he'll never take writing...
  • Murray Rothbard: The Railroading of the American People (American Economy Lecture #2)

    03/21/2018 6:16:52 AM PDT · by Voption · 4 replies
    Mises Institute / Youtube ^ | 1986 | Murray Rothbard
    "The Railroading of the American People," Rothbard discusses one of the largest crony expenditures undertaken by the United States up to that point; the construction of the intercontinental railroad.
  • Murray Rothbard: [American] Tariffs, Inflation, Anti-Trust and Cartels

    03/20/2018 5:43:02 PM PDT · by Voption · 8 replies
    Mises Institute via Youtube ^ | 1986 | Murray Rothbard
    The late great Murray Rothbard gave a series of lectures in 1986 at New York Polytechnic University from his book of the same name, "The American Economy and the End of Laissez-Faire: 1870 to World War II." Fortunately for us, they were recorded by Hans Hermann-Hoppe. (audio 1:47:29)
  • Zuckerberg Dodges A Bullet As Facebook Loses Billions

    03/20/2018 5:03:11 PM PDT · by bananaman22 · 23 replies
    Safehaven.Com ^ | 03-20-2018 | David Craggen
    Facebook shares are still dropping after its worst one-day decline since 2012 yesterday, as data breaches affecting over 50 million uses makes things political and the social media giant loses some $50 billion. On Monday, Facebook shares fell almost 7 percent on news that the U.S. Federal Trade Commission (FTC) is investigating it over personal data breaches. The market-wide sell-off continued on Tuesday, even as the Dow gained points, when more details emerged on the investigation, sparked by a whistleblower who told regulators that more than 50 million Facebook users had their data hijacked by a political consultancy hired by...
  • Oh No! We are Running Out of People (Well, Not Quite)

    03/20/2018 9:00:29 AM PDT · by SeekAndFind · 6 replies
    Mish Talk Global Economic Trend Analysis ^ | 03/20/2018 | Mike Shedlock
    Barring a recession, it appears the US is running out of people. We aren't. The chart is misleading. The Wall Street Journal asks Is America Running Out of Unemployed People to Fill Jobs? For every job opening in America, there’s now barely more than one unemployed person available to take it. In mid-2015, there were 2.3 million more unemployed people than open jobs. By January, the gap had narrowed to 372,000. Pool of Potential Workers There is a huge pool of workers as shown by the following Advisor Perspectives chart on the Labor Force Participation Rate. In every age group...
  • Yes, Ben Shapiro is Still Wrong on Tariffs. Here’s Why

    03/19/2018 12:50:03 PM PDT · by Thalean · 53 replies
    American Greatness ^ | March 19, 2018 | Spencer P Morrison
    Shapiro claims that I favor “total state control of the economy” because I think it is possible to “simply pick the best industries and subsidize them.” Apparently, tariffs are Communism, and I am Stalin. . . Shapiro has it entirely backward: tariffs are the form of taxation most consistent with small government. . . tariffs are antithetical to big government because they preclude socialism. How? Tariffs make imports expensive. This encourages domestic production and discourages offshoring—thereby boosting demand for American labor. Basically, tariffs create stable jobs and increase wages for American workers... The key to solving this puzzle is recognizing...
  • An Econtalk Episode: Munger on Private and Public Rent-Seeking (and Chilean Buses)

    03/18/2018 8:35:55 AM PDT · by Voption · 1 replies
    EconTalk ^ | august 23, 2010 | Russ Robert's/Mike Munger
    Mike Munger of Duke University talks with EconTalk host Russ Roberts about private and public rent-seeking. When firms compete for either private profit opportunities or government contracts, there are inevitably firms or people who spend resources but end up earning little or nothing. What are the differences, if any between these two forms of competition? How do they related to competitions that award prizes for discovering new technologies? The conversation begins with a discussion of a recent trip Munger took to Chile where he observed the current state of the Chilean bus system, a topic he has discussed in the...
  • Natural Law In Ancient and Modern Guise

    03/18/2018 8:27:22 AM PDT · by Voption · 1 replies
    The Federalist Society ^ | May, 2010 | Prof Richard Epstein
    The Federalist Society's Georgetown Student Chapter presented its Seventh Annual Lifetime Service Award to Professor Richard A. Epstein on April 1, 2010.His address was titled "Natural Law in Ancient and Modern Guise".
  • Richard Epstein: "Is the Administrative State Consistent with the Rule of Law?"

    03/17/2018 8:51:14 PM PDT · by Voption · 18 replies
    University of Chicago Law School ^ | June 25, 2013 | Prof. Richard Epstein
    Without question, the most distinctive feature of the modern social democratic state is the rise of administrative agencies, which at the federal level function as a shadowy Fourth Branch of government that fits uneasily into our constitutional scheme of separation of powers, and which at the state level oversee vast swaths of economic activity...Defenders of the current administrative setup claim the elaborate procedural safeguards built into today's administrative law effectively blunt the risk of arbitrary power, whose exercise has always been in tension with the rule of law. In this talk, Professor Epstein will explain why he thinks the massive...
  • "Libertarians, Trade, Tariff's, and Trump."

    03/17/2018 7:27:01 PM PDT · by Voption · 17 replies
    Defining Ideas (Hoover Institution) ^ | March 15, 2018 | Professor Richard Epstein
    Richard Epstein contrasts two recent actions by the Trump Administration — the imposition of tariffs on steel and aluminum, and the blocking of a foreign company’s attempts to take over an American tech firm — to demonstrate when national security concerns justify restrictions on trade ... and when they don’t.
  • Microstamping case headed for California Supreme court argument

    03/14/2018 7:20:30 AM PDT · by PROCON · 29 replies ^ | March 13, 2018 | Chris Eger
    Gun industry groups insist the legal requirement for semi-auto handguns to mark cartridges with a microscopic array of characters, that identify the make, model and a serial number of the pistol upon firing is “impossible to accomplish” in actual field conditions. (Photo: UCDavis)California’s high court is set to hear arguments in a long running case brought by firearms industry groups who say the state’s microstamping requirement is unattainable. The case, challenging the state’s 2007 unsafe handgun modification requirements, is set for arguments in a Los Angeles court on April 4. Plaintiffs, the National Shooting Sports Foundation and the Sporting Arms...
  • Rissians to get right to carry short-barreled guns

    The corresponding bill will be submitted to the State Duma in early 2018. As reported by the newspaper "Izvestia", the initiative to allow Russian citizens to carry pistols and other short-barreled weapons belongs to the deputy chairman of the Federation Council Alexander Torshin. The initiative of the vice-speaker of the Council of Federation Alexander Torshin to allow Russians to store short-barreled weapons and use it for self-defense will soon become law. According to the concept of the document, for the shot in this case will not be imprisoned. As "Izvestia" found out, the corresponding bill will be submitted to the...
  • Why Trump is Right About Tariffs

    03/13/2018 12:21:08 PM PDT · by Thalean · 10 replies
    American Greatness ^ | March 6, 2018 | Spencer P Morrison
    President Trump is right. Our trading partners—particularly China, Japan, and Mexico—are taking America to the woodshed. Consider that China steals more than half a trillion dollars in American intellectual property every single year. This is one of the reasons America’s trade deficit with China is so massive. For example, in 2010 Chinese companies stole high-speed rail designs from American firms, thereby depriving them of hundreds of billions in potential revenues. Such theft occurs in nearly every industry, whether it’s software programs or branded consumer goods. And the worst part? We let it happen. The globalist GOP refuses to punish China...
  • WV: Second Amendment Protection in Parking Lots Goes to Governor

    03/13/2018 10:55:17 AM PDT · by marktwain · 15 replies
    Gun Watch ^ | 14 March, 2017 | Dean Weingarten
    On 9 March, 2018, HB 4187 passed the West Virginia senate, 32-1, with 1 senator absent. The bill insures that busnesses may not ban privately owned firearms from vehicles in company parking lots. Summary From HB 4187: The purpose of this bill is to create the “Business Liability Protection Act”. The bill includes the right to limit possession of firearms on certain premises and definitions. It also provides for misdemeanor criminal offense and penalty. It prohibits employers from certain specific actions against a person when that person possesses a firearm legally, including a condition of employment. The bill provides...
  • Big Don Filed "Keep America Great!" Trademark Two Days Before Inauguration!

    03/11/2018 1:18:37 PM PDT · by poconopundit · 26 replies
    US Patent and Trademark Office ^ | 3/11/2018 | poconopundit
    Was there ever any doubt that Trump would run for a second term?  In his speech in Pittsburgh on Friday, Trump mentioned that the slogan for his reelection campaign will be "Keep America Great!". Well, if you were following the US Trademark Office, you would have noticed that Trump's lawyer filed for the trademarks "Keep America Great" and "Keep America Great!" two days before his inauguration!  It's all in the plan. And ironically, the guy who had filed before Trump abandoned his filing the day after Trump filed. Did the guy reach a deal with the Trump campaign? Oh, and...